Markets Await Powell’s Speech Amid Fed’s Shift on Community Bank Regulations
TL;DR
Crypto markets declined sharply after Federal Reserve Chair Jerome Powell's brief remarks, which did not include any guidance on monetary policy or economic outlook, leading to increased volatility and uncertainty in the crypto sector amid a data blackout and expectations of rate cuts.
- Markets on edge ahead of Powell’s morning remarks TheStreet
- Welcoming remarks by Chair Powell at the Community Bank Conference Federal Reserve Board (.gov)
- Fed’s Bowman Pivots From Wall Street Lenders to Community Banks Bloomberg.com
- Scott Bessent Reportedly Blasts Dodd-Frank Rules, Says Its Purpose Was To End ‘Too Big To Fail’ But It Created ‘Too Small To Succeed’ Stocktwits
- US Fed to propose Community Bank Leverage Ratio drop soon, Bessent says MLex
Want the full story? Read the original reporting
Read on TheStreet