Federal Reserve Chair Jerome Powell reiterated the central bank's cautious approach to monetary policy in a speech at the U.S. Monetary Policy Forum. Powell emphasized the Fed's readiness to maintain current interest rates and take a "wait and see" approach to monitor the impacts of recent policy changes and economic indicators. He highlighted the strength of the U.S. labor market and noted that wage growth has moderated, reducing inflationary pressures. Powell also addressed recent trade policies and market volatility, emphasizing the need for clarity before making adjustments to monetary policy. Overall, the Federal Reserve is likely to keep its key interest rate unchanged in the coming months. The crypto market has responded with cautious optimism, although concerns about stagflation and Trump's crypto summit remain.



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