Although the “inflation easing process” has begun, it will be a long time before the Fed is ready to declare victory in the fight against inflation, Fed Chairman Powell said Feb. 7. said during an interview in Washington.
Powell was asked whether the far-better-than-expected January jobs report released on Wednesday (517,000 jobs added) influenced the Fed’s decision to raise interest rates by 0.25%. , said the news had no impact.
Note that both the stock market and Bitcoin (BTC) rose last week when Powell said in his post-FOMC press conference that the “process of moderating inflation has begun.” Deserved. Powell used the same phrase on Wednesday, stressing that the Fed was just getting started and that more rate hikes would be needed.
Powell’s comments are hard to interpret as dovish (accommodative), but the market might have expected a hawkish remark given Friday’s jobs report.
Bitcoin rose about $300 after the event started, and is near $23,300 at the time of this writing. Stock markets also responded positively, with the Nasdaq up 1.5% and the S&P 500 up 1.1%.
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
| Image: CoinDesk TV
｜Original: Bitcoin Rises to $23.3K as Jerome Powell Repeats ‘Disinflationary Process’ Comment
The post Bitcoin rises to $ 23,300 ─ “ Inflation relief process ” Fed Chairman Powell commented again | coindesk JAPAN | Coindesk Japan appeared first on Our Bitcoin News.