#PowellWatch

⏰ The speech will be at 17:00 Lebanon/Saudi Arabia time
Global anticipation and decisive scenarios for markets and cryptocurrencies 💹
All eyes today ( Friday ) are on the speech of Federal Reserve Chairman Jerome Powell at the Jackson Hole Economic Conference. Will Powell hint at a rate cut? Or will he choose a hawkish tone against inflation? Or does he prefer to wait and remain neutral?
🔈 The latest data and statements from Federal Reserve officials caused confusion in the markets after discussions about the possibility of not lowering interest rates until 2026.
🚫 Throughout the months of previous meetings and speeches, Jerome Powell has been stalling and using data and patience as an excuse to avoid lowering interest rates, contradicting and challenging what President Donald Trump has been asking for, who always describes Powell as slow and foolish.
The statement will not only affect monetary policy, but will also extend to foreign exchange markets, bonds, and stocks, in addition to cryptocurrencies that are cautiously awaiting developments.
⭕️ Any indication of a rate cut could support high-risk assets like Bitcoin and Ethereum.
⭕️ However, the hawkish tone will drive investors to safe havens such as the dollar and gold.
🔥 In addition, Trump confirmed that a new chairman of the Federal Reserve will be appointed when Powell's term ends in May 2026.