ChainCatcher news, Trump's Treasury Secretary nominee Bessent supports Federal Reserve Chairman Powell to complete his full term.

ChainCatcher news, Federal Reserve Chairman Powell: The Federal Reserve is committed to completing the task of controlling inflation. A strong economy allows the Federal Reserve to make decisions cautiously.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell will participate in a dialogue at 04:00 AM Beijing time on November 15 (Friday), where he will publicly speak for the first time since the November FOMC meeting and may comment on recent economic data.

ChainCatcher message, Federal Reserve Chairman Powell stated that the overall economic performance is strong, and the Federal Reserve will continue to focus fully on its dual mandate objectives.

ChainCatcher message, Federal Reserve Chairman Powell will hold a monetary policy press conference in ten minutes.

ChainCatcher message, according to CNN, Trump may allow Federal Reserve Chairman Powell to complete his remaining term.

ChainCatcher news, at 01:55 AM Beijing time the next day, Federal Reserve Chairman Powell will deliver a speech at the National Association for Business Economics. In this period of uncertainty filled with "noise," Powell may indicate the future direction of the Federal Reserve's policy------how the "timely rain" of interest rate cuts will continue to unfold. Market fluctuations are expected, and investors are advised to pay attention to related risks.

ChainCatcher news, Federal Reserve Chairman Powell did not discuss monetary policy or economic outlook in his brief opening remarks at the New York Fed. (Jin Shi)

ChainCatcher message, Federal Reserve Chairman Powell stated: "We have not set any fixed path for interest rates and will make decisions in a series of meetings. If the economy remains strong and inflation remains stubborn, we may adjust policy more slowly. If appropriate, we can accelerate or slow down the pace of rate cuts, or even choose to pause rate cuts."

ChainCatcher message, Federal Reserve Chairman Powell stated: "We are fully focused on our goals. The overall economy is strong, and we are committed to maintaining robust economic growth. Our decision today reflects an increasing confidence that the strong performance of the labor market can be sustained. The Federal Reserve can maintain the strength of the labor market through policy adjustments."

ChainCatcher news, according to The Wall Street Journal, Federal Reserve Chairman Powell has issued the strongest signal yet for a rate cut, indicating that the Fed intends to take action to prevent further weakening of the U.S. labor market.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated: "The time for policy adjustment has come. I am increasingly confident that inflation will return to 2%. We do not seek or welcome further cooling of the labor market."

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Jerome Powell recently attended a closed-door meeting with the CEOs of major banks, encouraging them to collaborate with the Federal Reserve to avoid a years-long legal battle over the Biden administration's flagship capital plan.Informed sources revealed that Powell told bank leaders, including Jamie Dimon of JPMorgan Chase and Jane Fraser of Citigroup, that the public would have the opportunity to comment on key revisions to the plan. While it is not uncommon for Powell or other Federal Reserve governors to meet with top bank CEOs, this discussion is the latest indication of Powell's attempt to leverage his influence to reach a consensus between the industry and Federal Reserve governors and finalize the plan. This initiative, born out of the 2008 global financial crisis, has been in the works for over a decade. The industry has expressed strong opposition and is preparing for potential legal challenges.

ChainCatcher message, Federal Reserve Chairman Powell stated that as the economy develops, monetary policy will be adjusted.

ChainCatcher news, according to Bitcoin.com, on Wednesday, Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee, where Congressman Josh Gottheimer questioned him about the SEC's Staff Accounting Bulletin (SAB) 121. This bulletin requires banks to include custodial digital assets on their balance sheets, significantly increasing the costs of providing digital asset custody services.Gottheimer cited Powell's previous statement: custodial assets do not belong on the balance sheet, and this has always been the case. Powell generally confirmed this position but did not comment on the SEC's policy, stating that it falls within the SEC's jurisdiction.Critics argue that SAB 121 undermines banks' ability to provide secure digital asset custody, pushing these services toward less regulated entities and increasing consumer risk. Lawmakers have proposed overturning SAB 121, citing its negative impacts. Although Congress passed the first standalone cryptocurrency legislation to overturn SAB 121, President Biden vetoed the bill, emphasizing the need to establish a regulatory framework for digital assets.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated in a speech that the Federal Reserve has made considerable progress on inflation and does not need the inflation rate to be below 2% before lowering interest rates.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell will accept questioning from members of the House of Representatives tonight at 22:00. The market may experience fluctuations at that time, and investors should be aware of the associated risks. In yesterday's speech, Powell did not reveal the timing of interest rate cuts, but his remarks seemed to indicate a subtle shift.

ChainCatcher news, according to CoinDesk, Federal Reserve Chairman Powell stated today that he will not signal the timing of future policy actions, and that rising inflation is not the only risk facing the economy. Subsequently, the possibility of a rate cut in September has slightly increased. Powell's testimony did not have a significant impact on the price of Bitcoin (BTC), which experienced a brief rebound before quickly giving up its gains, currently slightly above $57,000, with a slight increase over the past 24 hours.