Jerome Powell Hints at More Rate Cuts: How Will Bitcoin Respond?

Federal Reserve Chair Jerome Powell signaled a potential shift in monetary policy. In recent comments, he underscored growing concerns about the job market and highlighted a need for growth support. This comes as hiring slows down, unemployment ticks up, and consumer spending might be impacted. Powell indicated this could justify additional rate cuts in the coming months, although no promises were made. The Fed’s stance remains cautious and open-minded, prepared to act if economic weakness persists.