Fed's Powell at Jackson Hole: Prepared to Raise Rates Further if Appropriate

MARKET_WATCH Economy

Market participants were looking to Friday morning's speech to gauge the future direction of the U.S. central bank's monetary policy. 

 

Restrictive monetary policy will continue to be needed until inflation is sustainably slowing, said U.S. Federal Reserve Chairman Jerome Powell in his keynote speech at the Kansas City Fed's Jackson Hole Symposium.

The central bank, said Powell, is ready to raise rates further if appropriate, though will proceed carefully.

 

 

The price of bitcoin (BTC) initially slipped a few dollars on the hawkish lean to Powell's remarks, but has since bounced to modestly positive on the day at $26,200. The move is perhaps not surprising given the bearish tilt to bitcoin's price action in the days leading up to the Jackson Hole event as traders anticipated Powell's continued focus on corralling inflation back to the central bank's 2% target.

 

 

Source : [Fed's Powell at Jackson Hole: Prepared to Raise Rates Further if Appropriate](www.coindesk.com/markets/2023/08/25/feds-powell-at-jackson-hole-prepared-to-raise-rates-further-if-appropriate/?utm_medium=referral&utm_source=feedly&utm_campaign=headlines) by Stephen Alpher - Fed Chair Powell cautious

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.