- During an interview with David Rubenstein, Powell reiterated the disinflationary process.
- The market seems to recover; Nasdaq by 1.5%, S&P 500 by 1.1%, post the interview.
After the bad year 2022, the market leader Bitcoin is rallying at $23,245.26 at the time of writing. The whole crypto market seems to be returning on its feet, as it suffered massive blows last year. From major collapses and bankruptcies, it was a seriously bad situation in the industry. At the same time, Jerome Powell had repeated his ‘disinflationary process’ comment during an interview with Carlyle Group co-founder David Rubenstein.
Source: https://www.thecoinrepublic.com/2023/02/08/disinflationary-process-started-j-powell-bitcoin-rise-23-k/