Fed Chair Jerome Powell sidestepped questions on monetary policy at a conference focused on banking regulation, offering no hints on the central bank’s next moves. Speaking at the Fed’s banking regulation conference today, Powell welcomed feedback on improving capital rules but remained tight-lipped on the central bank’s future policy direction.
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Fed Chair Avoids Monetary Policy Comments
Reportedly, Fed Chair Jerome Powell declined to comment on the central bank’s monetary policy and interest rate decisions in his latest meeting. According to the Federal Reserve’s official post, Powell’s opening remarks included discussions on the U.S. bank capital framework, its components, and the importance of effective supervision. The Fed Chair noted,
A great benefit of this conference is the chance to consider all elements of the capital framework in concert, rather than look at each in isolation. We need to ensure that all the different pieces of the capital framework work together effectively. Doing so will help maintain a safe, sound, and efficient banking system for the benefit of the people we serve.
Interestingly, Powell’s opening remarks fell short of crypto market expectations. Given the meeting’s timing amid escalating tensions between Powell and Trump, some anticipated a statement on potential resignation ahead of Fed Chair’s speech today. Jerome Powell’s comments were silent on both his future at the Fed and potential interest rate cuts, potentially affecting the crypto market.
Previously, President Donald Trump has warned of firing the Fed Chair, citing his failure to lower the interest rate. The latest meeting and Powell’s silence on monetary policy may further strain relations between Trump and Powell.
This is a breaking story and further details are under development.
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Breaking: Fed Chair Jerome Powell Stays Tight-Lipped on Interest Rate Cuts in Latest Meeting
Fed Chair Jerome Powell sidestepped questions on monetary policy at a conference focused on banking regulation, offering no hints on the central bank’s next moves. Speaking at the Fed’s banking regulation conference today, Powell welcomed feedback on improving capital rules but remained tight-lipped on the central bank’s future policy direction.
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Fed Chair Avoids Monetary Policy Comments
Reportedly, Fed Chair Jerome Powell declined to comment on the central bank’s monetary policy and interest rate decisions in his latest meeting. According to the Federal Reserve’s official post, Powell’s opening remarks included discussions on the U.S. bank capital framework, its components, and the importance of effective supervision. The Fed Chair noted,
Interestingly, Powell’s opening remarks fell short of crypto market expectations. Given the meeting’s timing amid escalating tensions between Powell and Trump, some anticipated a statement on potential resignation ahead of Fed Chair’s speech today. Jerome Powell’s comments were silent on both his future at the Fed and potential interest rate cuts, potentially affecting the crypto market.
Previously, President Donald Trump has warned of firing the Fed Chair, citing his failure to lower the interest rate. The latest meeting and Powell’s silence on monetary policy may further strain relations between Trump and Powell.
This is a breaking story and further details are under development.
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