From Yahoo Finance: 2025-06-02 16:29:00

Federal Reserve Chair Jerome Powell revealed a new inflation target, acknowledging the need to recalibrate strategies due to changing economic conditions since 2020. The Fed’s commitment to a 2% inflation target remains, with clear communication deemed crucial for understanding economic uncertainties. The impact of the Fed’s policies on the crypto market was evident, with a $2 trillion decline in total market value in response to tightening policy amid rising inflation. Bitcoin’s price dropped but remains up for the month, while Ethereum showed a significant gain over the last 30 days. Powell emphasized the importance of anchored inflation expectations for the Fed’s actions.



Read more at Yahoo Finance: Fed Chair Powell reveals new inflation target