Powell: Fed to Hold Rates Steady, Inflation Still High

Based on the provided news articles, here's a summarized and structured news article in the style of Bloomberg:

Powell: Discussion on Policy Framework Has Begun at This Meeting

Federal Reserve Chair Jerome Powell stated that the Fed does not need to rush to adjust policy rates as long-term inflation expectations appear to be stable. The current discussion on the policy framework has started at this meeting, and the framework review will conclude at the end of the summer. Powell also noted that the Fed is not considering any policy changes at this meeting.

Powell Warns Swift Interest Rate Reductions Could Hinder Inflation: Cryptocurrency Market Impact

POWELL: Swift Interest Rate Reductions Could Adversely Impact Inflation
—————
NFA.

Fed Chair Jerome Powell warned that swift interest rate reductions could adversely impact inflation. The cryptocurrency market may react negatively to hawkish Fed rhetoric, as risk assets tend to underperform in such an environment. However, December Fed futures suggest that three rate cuts this year are the most likely development, which could potentially boost cryptocurrency prices if the Fed adopts a dovish tone.

Powell: Inflation Has Moved Closer to Our Target, but Is Still a Bit High

Federal Reserve Chair Jerome Powell stated that current inflation is closer to target but still a bit high, and the labor market is not a source of inflationary pressure. The Fed is expected to keep interest rates steady at the 4.25%-4.50% range, in line with market expectations.

Powell: Fed to Stand Pat Until Seeing More Progress Than Is Currently Evident

Federal Reserve Chair Jerome Powell stated that the Fed will not take action until seeing more progress than is currently evident. The Fed is expected to keep interest rates steady at the current rate of 4.25%, with a 99.5% probability of no change according to CME's FedWatch.

Powell: Rate Cut Should Only Be Considered in Case of Inflation Resistance or Weak Employment

Federal Reserve Chairman Jerome Powell stated that the Fed currently needs to see substantial progress on inflation or a deterioration in the labor market to consider a rate cut. However, inflation data has delivered