ChainCatcher news, QCP Capital stated on its official channel that the CPI increase exceeded expectations, and the core CPI also rose, leading to market expectations that the Federal Reserve's first rate cut will be delayed until December, triggering a sell-off. Bitcoin dropped from $96,500 to $94,000, with $163 million in long positions being liquidated, but then rebounded to $98,000, a gain of 4.4%.In the options market, recently expiring call options are actively traded, especially those with strike prices between $97,000 and $100,000. The market is paying attention to Trump's reaction to the CPI and its impact on Federal Reserve policy. Powell is expected to remain cautious and adhere to data-driven rate cut decisions. Overall, the buy-the-dip strategy has performed well amid market volatility, and investors need to closely monitor the Federal Reserve's policy direction and changes in market sentiment.

ChainCatcher news, according to The Washington Post, U.S. President Trump took unprecedented actions in the first three weeks of his second term to weaken the power of federal agencies, suspend or cancel billions of dollars in authorized spending, and lay off tens of thousands of federal employees, triggering over 50 legal lawsuits.The "Department of Government Efficiency" (DOGE) led by Musk has intervened in the operations of 18 federal agencies, attempting to terminate 199 government contracts and pushing for a $1 trillion cut in the federal budget. A White House spokesperson stated that the courts' obstruction of Trump's executive orders is an "abuse" of the law. However, legal experts warn that if the government openly ignores court rulings, the U.S. may face a constitutional crisis.Trump's supporters believe these measures are correcting the overreach of federal agency power, while Democrats and some legal professionals argue that this marks an extreme expansion of executive power that could undermine the constitutional order of the United States.

ChainCatcher news, Federal Reserve Chairman Powell warned on Wednesday not to overinterpret the data showing the largest month-on-month increase in the Consumer Price Index (CPI) in over a year, while also acknowledging that the readings were significantly higher than expected.During a hearing before the House Financial Services Committee, Powell stated, "The CPI readings are almost above all forecasts, but I want to remind you of two points. First, we will not get excited over one or two good readings, nor will we get excited over one or two bad readings. Second, our inflation target focuses on the Personal Consumption Expenditures (PCE) price index because we believe it is a better measure of inflation. Therefore, you need to understand the conversion from CPI to PCE, and tomorrow we will get more relevant data from the Producer Price Index (PPI). Later tomorrow, we will know how the PCE readings look."

ChainCatcher news, Federal Reserve Chairman Powell stated that we do not want to hinder banks from providing services to legitimate customers using cryptocurrency. It is appropriate to ensure that we understand the associated risks when banks engage in cryptocurrency activities on their own. (Jin Shi)

ChainCatcher news, Federal Reserve Chairman Powell stated that many cryptocurrency-related activities can be conducted entirely within banks. (Jin Shi)

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that in hindsight, tightening policies earlier would have been a good move, but it is uncertain how much difference taking action sooner would have made.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that he would not resign even if President Trump requests it.

ChainCatcher news, according to Jin10, Federal Reserve Chairman Powell stated that there will be appropriate and cautious adjustments to the Federal Reserve's framework. When asked whether the Federal Reserve would allow the government efficiency department DOGE to access Federal Reserve data, he stated that there has been no contact with them and there is no news to report at this time.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell attended a hearing of the Senate Committee on Banking, Housing, and Urban Affairs, delivering his semiannual monetary policy testimony and answering questions from lawmakers. Key points from Powell's testimony include:Inflation has significantly approached the long-term target of 2%, although it remains slightly high. He is closely monitoring various risks under the dual mandate.Recent data shows that economic activity continues to expand at a robust pace.A wide range of indicators suggest that the labor market is overall balanced and does not pose significant pressure on inflation.The Federal Reserve will continue to reduce the size of its securities holdings.The restrictiveness of monetary policy has significantly decreased, and the economy remains strong, so there is no need to rush to adjust the policy stance.The FOMC will comprehensively assess the latest data, changes in the economic outlook, and the balance of risks. As the economy develops, the Federal Reserve will adjust its policy stance to maximize employment and ensure price stability.

ChainCatcher news, according to Jinshi reports, the dollar is trading steadily as investors focus on Federal Reserve Chairman Powell's speech and look forward to the U.S. inflation data to be released tonight. Powell stated during his testimony before the Senate Banking Committee on Tuesday that the Federal Reserve is not in a hurry to cut interest rates.He will speak to the House Financial Services Committee tonight at 11 PM. Credit Suisse analyst Ipek Ozkardeskaya said in a report that lower-than-expected inflation data would alleviate concerns about price pressures and weaken the dollar.Conversely, stronger-than-expected inflation data could support further increases in U.S. Treasury yields and the dollar, while dampening risk appetite.

ChainCatcher news, according to Cointelegraph, Federal Reserve Chairman Powell stated on February 11 during a Senate Banking Committee meeting that "there is no need to rush to adjust" interest rates, but the cryptocurrency market has shown strong resilience.Cryptocurrency analyst Matthew Hyland noted that although this is "the worst news for the crypto market in 2025," the market reacted calmly, with some tokens even experiencing gains, which may indicate that the market has already priced in the expectation of the Federal Reserve maintaining high interest rates.

ChainCatcher news, according to The Wall Street Journal, Trump administration officials are discussing plans to consolidate banking regulatory agencies, potentially attempting to merge the Federal Deposit Insurance Corporation (FDIC) into the Treasury Department without congressional approval, and combine its regulatory functions with the Office of the Comptroller of the Currency (OCC).The plan aims to reduce the power of banking regulatory agencies and increase the government's direct control over the financial industry. Previously, the Trump administration had taken action against the Consumer Financial Protection Bureau (CFPB) in an attempt to limit its influence.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that we will never launch a central bank digital currency.

ChainCatcher news, Federal Reserve Chairman Powell stated that it is time to "revisit" the issue of de-banking, following criticism that the crypto industry is being excluded from banking services. During a Senate Banking Committee hearing on Tuesday, the committee's chairman, Tim Scott (R-S.C.), asked Powell if he would be willing to work with him to ensure that financial regulations do not "impose unnecessary burdens."Powell responded, "I commit to working with you, and we do strive to avoid overburdening. Frankly, I think it's fair to revisit the issue of de-banking." "We are not doing this intentionally, but sometimes regulation leads to certain outcomes, and we need to improve on that," Powell added. Scott also asked Powell if he would be willing to work with lawmakers to end the de-banking issue, to which Powell agreed.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that liquidity remains ample, the balance sheet is still being reduced, and attention will be paid to the conditions in the repo market. When market conditions slightly exceed 'ample', an attempt will be made to halt the reduction of the balance sheet, but no exact number can be provided, and there is still a long way to go. Quantitative easing will only be used when interest rates are at zero.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated support for establishing a regulatory framework around stablecoins.

ChainCatcher message, Federal Reserve Chairman Powell stated that it is necessary to re-examine the issue of de-banking and will be committed to ending matters related to "de-banking."

ChainCatcher news, according to Jinshi reports, an institution's Federal Reserve sentiment model rates Powell's remarks as slightly hawkish, but within a neutral range.Analysts Jersey and Hoffman stated that the recent attitude of Federal Reserve spokespeople indicates that the Fed will maintain a "wait-and-see" policy stance in the upcoming meetings, and Powell is unlikely to change this position.They said, "We are unlikely to gain any new information or insights regarding the Fed's response function from today's congressional testimony, as the Fed is likely to remain on hold at least until the next meeting, and the questions from the banking committee are more inclined towards political statements rather than monetary policy issues."

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that recent indicators suggest that economic activity continues to expand at a robust pace. Boosted by resilient consumer spending, GDP growth for 2024 is projected at 2.5%. Investment in equipment and intangible assets seems to have declined in the fourth quarter, but overall performance for the year remains strong.After experiencing a slowdown in the middle of last year, activity in the real estate sector appears to have stabilized. In terms of the labor market, conditions remain solid and seem to have settled. Over the past four months, the average monthly job addition has been 189,000. Following an earlier rise, the unemployment rate has remained stable since the middle of last year, standing at 4% in January, still at a low level.Nominal wage growth has slowed over the past year, and the gap between job openings and workers has narrowed. Overall, a range of broad indicators suggests that labor market conditions are roughly balanced. The labor market is not a significant source of inflationary pressure.

ChainCatcher news, Federal Reserve Chairman Powell conveyed a simple message to Congress on Tuesday as he began a two-day hearing: due to strong economic performance, the Fed can take its time deciding when and whether to cut interest rates.Powell will tell lawmakers at the Senate Banking Committee: "Given that our current policy stance is not as restrictive as it once was, and the economy remains strong, we do not need to rush to adjust our policy stance." Powell also defended last year's rate cuts, stating that they were a necessary adjustment to his policy stance in response to improving inflation and a cooling labor market.He indicated that if inflation does not continue to decline to target levels and the economy remains stable, the Fed may keep interest rates unchanged for a longer period. If the labor market unexpectedly weakens, or if inflation falls faster than expected to the 2% target, the Fed may cut rates.