#Jerome Powell, the Federal Reserve Chair, is making headlines today. 🚨
Some Updates
Recent Speeches and Statements
Powell spoke at Stanford University's Hoover Institution, praising former US Secretary of State George Shultz, but avoided commenting on current economic conditions or monetary policy.
He emphasized that the structure of the economy is constantly evolving and our understanding of it is highly uncertain . @CZ
Economic Outlook and Rate Cuts :-
The #Fed ended Quantitative Tightening (QT) in December 2025, which could boost cryptocurrencies, stocks, and bonds.
Powell hinted that a December rate cut is not guaranteed, saying "A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it".
Markets are pricing in an 87% chance of a 25-basis-point rate cut in December .
Succession and Leadership
US President Donald #TRUMP has announced he'll name Powell's successor, with Kevin Hassett, Trump's chief economic adviser, rumored to be the leading contender.
Powell's term as Fed Chair ends in February 2026 .
$BTC
