Powell Speech Leaves Out Rate Cuts, Crypto Market Steady

Powell Speech Sparks Reactions, No Word on Cuts or Resignation

Everyone was hoping for the words of Jerome Powell speech that he might cut the interest rates but his announcement has made waves again in the financial world. As Powell remained tight-lipped didn’t discuss anything about his U.S interest rate cuts and his resignation that was mostly expected. 

Powell speech statement yesterday, what does it mean? 

Fed Chair Jerome emphasized the importance of keeping the banking system safe, sound and efficient during his speech yesterday. He said that the Federal Reserve is closely reviewing all major regulatory tools, capital rules, leverage ratios, stress tests and additional requirements for banks. 

He is focusing more towards making the financial sectors more stricter and competitive in the fast changing economy. 

Trump calls Fed Chair a Numbskull, Predicts his exit in Eight Months 

In a surprising and blunt comment, president Donald Trump referred to Jerome as a numbskull during a news conference on Tuesday. He criticized the Fed chair for keeping interest rates too high i.e 4.25-4.5%. 

He said that Powell has done a bad job, he is going out pretty soon anyway almost in eight months. 

Although, after President demands, Powell agreed to reduce the interest rate upto 4% soon but Trump again raised his choice and demanded to reduce it to 1%. 

Apart from Trump many others like Peter Schiff, Chief Economist and Global Strategist and Senator Cynthia Lummis , US Senator from Wyoming also showed disappointment on  their X handle. 

Source: X

Impact on the crypto market 

There are so many fake reports and predictions that came false when Fed Chain didn’t speak anything about his resignation and rate cuts. And signals on the other financial working strategies. 

There were more chances that if Jerome took any of the above decisions the market might show fluctuation, but the market didn’t move a single percent, which is shocking. According to Kalshi Prediction Market, there are only 22% chances of Powell losing his position this year. 

Source: X.

It was possible that the market fluctuated continuously when the Fed decided to reduce or raise the interest rate, but it didn’t happen like that. So the market is going with the flow. 

Could this be a buying opportunity for investors?

Yes, it might be a good opportunity if the interest rates go down. The crypto market may also face downward pressure, but for some it would be a great opportunity to buy or invest as much as they can.

As you see closely, the all-time high Bitcoin is getting expensive day by day and currently it is trading at $118k and in the last one month it was trading at $103k as of June 23, 2025.  

Source: CoinMarketCap

It has shown a rise of $15k which is huge, also, it reached the all time high of $122K. So assets like these when they get cheaper, experts suggest they should buy more. As it will help in the future when prices of these assets get higher. 

Likewise, Ethereum has also shown a rise in the last one month, on June 23 it was trading at $2,220.23 and currently trading at $3,676.20 (at the time of writing), showcasing an impressive surge. 

Source : CoinMarketCap

Conclusion

Despite all the hype, Powell stayed silent on rate cuts and his resignation rumors. The market did not flinch but investors now eye a possible dip as a fresh chance to buy it.