$BTC Speech of Jerome Powell (head of #FRS):
'The Fed has no need to rush into an interest rate cut (QE adjustment)
'The unemployment rate remains low.
'The labor market is stable and is not a source of inflationary pressure.
'The U.S. economy remains strong.
'Inflation has moved closer to the 2% target but remains elevated.
'We are well prepared to deal with risks and uncertainties.
'Cutting the Fed Funds rate too quickly could impede progress on inflation.
'Cutting the Fed Funds rate too slowly could unnecessarily dampen economic activity and employment.
'We need to consider macro data, the changing outlook, and the balance of risks when making Fed Funds rate decisions.
'We may continue to leave the rate at current levels if the economy remains strong and inflation does not approach 2%.
'We are carefully assessing the risks to the Fed's dual mandate (inflation/labor market).
'We are committed to preventing the debunking of certain industries.
'The capital of the largest banks is at appropriate levels.
'I believe the U.S. Treasury Department has a secure payment system.
'I want to make more progress in fighting inflation.
'I see no reason to rush to lower the Fed Funds rate.
'There is no recession in the US.
'The Fed is not allowed to comment on tariff policy (trade duties).
'The law clearly will not allow the president to remove the Fed chairman.
'The Fed will continue to shrink the balance sheet at the current pace (#QT).
'I support efforts to create a regulatory framework for stablecoins.
