You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fed-chairman-addresses-economic-concerns/" data-wpel-link="internal">Fed Chairman Addresses Economic Concerns</a> 
As the article was being prepared, BTC <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">prices</a> continued to fluctuate, and <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">Fed</a> Chairman Powell made statements. The latest PPI data was not in favor of <a href="https://en.coin-turk.com/openais-revenue-surge-highlights-its-growing-influence-in-ai-sector/" data-wpel-link="internal">cryptocurrency</a> <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>. The Fed, which is starting to fail in its fight against inflation, may now need to create a clearer roadmap. 
<h2 style="text-align: justify" id="fed-chairman-s-statements">Fed Chairman’s Statements</h2> 
Powell made important statements following the latest data. His assessments before tomorrow’s inflation data are highly significant. The decline in inflation has stopped, creating a worrying scenario for investors. Some members are hinting that more tightening might be necessary. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-351334 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/BTCUSDT_2024-05-14_18-05-43.png" alt="" width="1154" height="532"> 
The Fed Chairman said; 
<blockquote> 
 “The US continues to benefit from strong pandemic intervention. We see that staying at the current policy rate for a longer period is becoming our main issue. We have seen a significant decrease in the demand for workers, and you also see that wages have fallen. I think this tells you that the policy is probably restrictive. It may take a long time for the institution to gain trust in the fight against inflation and to be convinced of a decline”. 
</blockquote> 
Powell‘s current stance of staying restrictive for a longer period rather than further tightening is positive. In other words, both options are bad for crypto, but Powell is choosing the less bad one. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/fed-chairman-addresses-economic-concerns/" data-wpel-link="internal">Fed Chairman Addresses Economic Concerns</a></h5>

Fed Chairman Addresses Economic Concerns

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