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BTCC / BTCC Square / Global Cryptocurrency /
Jerome Powell Warns of Market Crash: Too Soon to Cut Rates

Jerome Powell Warns of Market Crash: Too Soon to Cut Rates

Author:
Global Cryptocurrency
Published:
2025-04-17 18:51:01
20
3
Jerome Powell’s market crash warnings sent stocks tumbling after his Wednesday speech at Chicago’s Economic Club. The Federal Reserve Chair indicated that it’s probably too early to cut interest rates amid uncertainty over President Trump’s new tariff policies and their economic impact. Market volatility intensified, with the S&P 500 dropping over 2% following his remarks. Powell emphasized the need to carefully assess how the newly proposed tariffs might affect the broader economy.

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