Fed Chair Jerome Powell Stays Tight-Lipped on Monetary Policy in Latest Meeting

Fed Chair Jerome Powell sidestepped questions on monetary policy at a conference focused on banking regulation, offering no hints on the central bank’s next moves. Speaking at the Fed’s banking regulation conference today, Powell welcomed feedback on improving capital rules but remained tight-lipped on the central bank’s future policy direction.

Fed Chair Avoids Monetary Policy Comments

Reportedly, Fed Chair Jerome Powell declined to comment on the central bank’s monetary policy and interest rate decisions in his latest meeting. According to the Federal Reserve’s official post, Powell’s opening remarks included discussions on the U.S. bank capital framework, its components, and the importance of effective supervision. The Fed Chair noted,

A great benefit of this conference is the chance to consider all elements of the capital framework in concert, rather than look at each in isolation. We need to ensure that all the different pieces of the capital framework work together effectively. Doing so will help maintain a safe, sound, and efficient banking system for the benefit of the people we serve.

Interestingly, Powell’s opening remarks fell short of crypto market expectations. Given the meeting’s timing amid escalating tensions between Powell and Trump, some anticipated a statement on potential resignation ahead of Fed Chair’s speech today. Jerome Powell’s comments were silent on both his future at the Fed and potential interest rate cuts, potentially affecting the crypto market.

Previously, President Donald Trump has warned of firing the Fed Chair, citing his failure to lower the interest rate. The latest meeting and Powell’s silence on monetary policy may further strain relations between Trump and Powell.

This is a breaking story and further details are under development.

✓ Share:

Nynu V Jamal

Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape.

Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master’s degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet.

Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.