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Fed’s Powell hints at higher inflation in coming quarters, crypto markets react
Yahoo Finance·2025-09-23 19:45

Federal Reserve Chairman Jerome Powell hinted that the tariff hikes will likely reflect in "somewhat higher inflation" in coming quarters. He made the remarks in a speech at the Greater Providence Chamber of Commerce in Providence, Rhode Island, on Sep. 23. The crypto market didn't have a sharp reaction to Powell's remarks. Though Bitcoin first fell to around 112,650,itbegantherecoverywithinminutes.BTC wastradingat 112,650, it began the recovery within minutes. BTC was trading at 112,744.93 at press time, as per Kraken's price feed. The total crypto market ...