Federal Reserve Chairman's Tax and Interest Statement Regarding Bitcoin: What Did He Say? - Coin Bulletin

The President of the Central Bank of the United States (, Jerome Powell, stated that despite the market panics following President Trump’s tax tariff announcements, he will continue to focus on inflation.

Jerome Powell emphasized in his statement on Friday that the FED will wait for more clarity before considering any changes to its current policy stance. “We are in a good position to wait for more clarity before considering any adjustments to our policy stance,” said Powell, adding that it is too early to take significant steps such as interest rate cuts. With U.S. stocks losing value for the second consecutive day, Bitcoin )BTC( is performing better than other financial instruments.

President Trump expressed in a message directed at Powell that the Fed Chairman should lower interest rates.

Trump stated that Powell is “always late” and that “now is the best time for him to lower interest rates and step back from politics.” This statement by Trump had created a new expectation in the markets. However, Powell indicated that the new tariffs are much larger than expected and that this could lead to a temporary increase in inflation, but he assured that the FED will do its part to prevent this from becoming permanent.

How the FED will maintain the balance between its inflation target and full employment target remains an important question, considering the uncertainties and risks in the economy.