{"id":22428,"date":"2025-04-16T18:01:53","date_gmt":"2025-04-16T18:01:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22428"},"modified":"2025-04-16T18:01:53","modified_gmt":"2025-04-16T18:01:53","slug":"bitcoin-rally-short-circuited-as-fed-chair-powell-raises-stagflation-fear","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22428","title":{"rendered":"Bitcoin Rally Short-Circuited as Fed Chair Powell Raises Stagflation Fear"},"content":{"rendered":"<div>\n<p>A modest bitcoin rally to a possible challenge of the $86,000 level quickly reversed during U.S. afternoon trading hours on Wednesday as Federal Reserve Chairman Jerome Powell warned on the effects of President Trump&#8217;s tariff regime.<\/p>\n<p>&#8220;The level of the tariff increases announced so far is significantly larger than anticipated,&#8221; <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/speech\/powell20250416a.htm\" target=\"_blank\">said Powell in a speech<\/a>. &#8220;The same is likely to be true of the economic effects, which will include higher inflation and slower growth.&#8221;<\/p>\n<p>In other words, stagflation \u2014 a throwback to a sizable portion of the 1970s when the U.S. experienced weak economic activity alongside double-digit inflation.<\/p>\n<p>&#8220;We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,&#8221; continued Powell.<\/p>\n<p>The price of bitcoin (BTC) fell about 2.5% in the minutes following the Powell remarks, now trading at $83,700, down 1.5% over the past 24 hours.<\/p>\n<p>U.S. stocks, which had been trying to mount a comeback from opening declines, also were hit, the Nasdaq slumping 3.4% to a session low.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A modest bitcoin rally to a possible challenge of the $86,000 level quickly reversed during U.S. afternoon trading hours on Wednesday as Federal Reserve Chairman Jerome Powell warned on the effects of President Trump&#8217;s tariff regime. &#8220;The level of the tariff increases announced so far is significantly larger than anticipated,&#8221; said Powell in a speech. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22428","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22428"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22428\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}