Powell Defends Hawkish Stance, Resisting Rate Cut Expectations

Federal Reserve Chair Jerome Powell is pushing back against expectations of rate cuts in 2025, emphasizing the ongoing fight against inflation. The release of FOMC meeting minutes is expected to further clarify Fed policy and impact both traditional and crypto markets. Investors are closely watching how these events might influence interest rates, potentially affecting assets like Bitcoin (BTC) and Ethereum (ETH). Powell’s hawkish approach suggests a focus on controlling inflation before considering rate reductions.