What is expected by Jerome Powell’s speech today

Amid the constant uncertainty in the market due to the Trump’s introductory war, senior economists are concerned about a major financial collapse of this quarter. It is worth noting that Donald Trump’s recent policies have negatively affected the global market.

This also led to a decrease in the cryptocurrency market to its lowest level in several months. It is worth noting that the price of bitcoin decreased to the lowest level of about 74,000 dollars from the level of 84,000 dollars. Moreover, Top Altcoins has seen a similar trend by breaking the decisive support lines.

After that, Federal Reserve Chairman Jerome Powell is scheduled to issue a direct speech that highlights his point of view on the future of the American inflation rate and job hunting. Moreover, the marketers expect a statement that includes the central bank’s business plan in the short term.

According to recent reports, Jerome Powell will appear at 1:30 pm EST (23:00 IST) in the presence of the Economic Club in Chicago.

Powell delivers sermons 2 in 12 days!

According to what was reported, Powell recorded his last speech on April 04 after the Structure of the horrific tariff of Trump. With a 10 % tariff, the United States of America has constantly abused a new amendment tariff for countries that denied accepting or class mutual tariffs. This led to an introductory war against the United States and China, the world’s energy manufacturers.

However, Donald Trump has now placed on the new tariff system for the next 90 days.

During this period, the President of the Federal Reserve stated that this tariff war can lead to a major financial transformation and will risk the nation due to the high rate of inflation and low growth. Looking at these situations, the Federal Reserve will fall into a critical position in choosing between multiple unwanted situations.

It is worth noting that the Federal Reserve Governor Christopher Waller stated that with the low definitions that have been lowered, the Central Bank can settle and offer decisions to reduce the most suitable interest rates. However, with Trump increasing the customs tariff, the unemployment rate can jump, which reduces an aggressive rate.

As of now, it is not clear about the agenda of Powell. However, marketers speculate that the next living session can highlight the possibility of an increase in inflation in the short term. Moreover, by evaluating market trends, the Federal Reserve can be forced to maintain high or even lift inflation rates.

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