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Bitcoin Investors Attention: Fed Chairman Powell Speaks! Here are the First Remarks.
"We're going to look at the data," says Fed chair Powell, on the upcoming rate hikes.
In the past few minutes, the US Federal Reserve (FED) increased interest rates by 25 basis points. Taking a step in line with the expectations of the markets, the FED did not affect the price movements of the leading cryptocurrency Bitcoin (BTC) and altcoins.
After the Fed's interest rate decision, the eyes were turned to the Fed Chairman Jerome Powell. Powell, who has suppressed the financial markets with the hawkish statements he has made so far, has been in front of the cameras in the past few minutes.
Fed Chairman Jerome Powell quoted the following words in the first minutes of the press conference:
“FUL EFFECTS OF FIRMING HAVE NOT YET BEEN FEELED.”
“FOMC WILL TAKE A DATA-BADED APPROACH ON FUTURE INTEREST INCREASE”
“EMPLOYMENT MARKET CONTINUES TO BE VERY TIGHT.”
“INFLATION SWITCHED A LITTLE.”
“THERE IS A LONGER WAY TO REDUCING INFLATION TO 2%.”
“I SEE THE EFFECTS OF TIGHTENING IN SOME SECTORS.”
“INFLATION DATA GENERALLY COMPLIED WITH EXPECTATIONS.”
“IF THE DATA SHOWS THAT IT IS NECESSARY, IT IS POSSIBLE TO INCREASED INTEREST IN SEPTEMBER.”
“WE CURRENTLY BELIEVE THAT MONETARY POLICY IS RESTRICTIVE.”
“WE HAVE NOT MADE ANY DECISIONS REGARDING THE FOLLOWING MEETINGS.”
“IT IS GOOD TO BE ECONOMICALLY RESILIENT.”
“STRONG GROWTH CAN LEAD TO MORE INFLATION.”
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