Fed Chair Expects Crypto Banking Rules to Ease, But No Rate Cuts In May

Federal Reserve Chair Jerome Powell signaled on Tuesday that crypto banking regulations will be partially relaxed. He also made it seemingly clear that a near-term interest rate cut remains unlikely. Speaking at the Economic Club of Chicago, Powell addressed mounting uncertainty stemming from trade policy and reinforced the central bank’s cautious stance. Fed’s Powell Maitains a Hawkish Outlook Powell’s remarks come as market expectations for a May rate cut have collapsed, with CME FedWatch data pricing in just a 16% chance source: https://beincrypto.com/fed-powell-no-rate-cut-crypto-banking-rules-eased/