Powell warns harshly about tariffs, bitcoin and XRP decline
Source: CoinWorld
Time: 2025-09-18 10:41:31
On September 17, the Federal Reserve lowered interest rates by 25 basis points to 4%-4.25%, and Chairman Jerome Powell said the move was a "risk management rate cut" amid rising inflation and slowing economic growth. After the announcement, Bitcoin fell 0.59% to $115,411.14, Ethereum fell 0.60% to $4,475.10, and Ripple fell 1.67% to $3. Powell stressed the Fed’s independence and data-driven policy approach, noting that the impact of tariffs on prices is unclear.