Powell Warns of Potential Asset Price Drops, Maintains Economic Calm

Federal Reserve Chair Jerome Powell addressed concerns about potential asset price declines, stating they are unlikely to pose a threat to the financial system. While acknowledging these potential downturns could impact market sentiment across various sectors, including cryptocurrency trading, Powell emphasized a measured approach and continued focus on liquidity adjustments. 25 basis points were recently reduced, signaling the Fed’s commitment to navigating economic uncertainty with gradual policy shifts.