Investors hoping for a significant Dovish Pivot from Fed after the president’s Wednesday Stariff message and subsequently two-day jumps in stock prices must wait at least a little longer.

“We are well positioned to wait for greater clarity before considering any adjustments to our political attitude,” said Fed -Chairman Jerome Powell in prepared remarks in Society for Advancing Business Editing and Writing Annual Conference. “It’s too early to say what will be the appropriate path for monetary policy.”

Noting that the tariffs are “significantly larger” than expected, Powell said it is Fed’s job to make sure that what is certainly a temporary increase in inflation does not become persistent.

Bitcoin (BTC), who jumped a little in front of the Powell speech, perhaps in the hope that he would take a more Dovish attitude, Bitcoin (BTC) has been withdrawn under $ 83,000, too large flat from 24 hours ago. Crypto performs far better than the stocks, with Nasdaq now lower by 4.2% after yesterday’s 6% tumble.

President Trump makes his feelings known

Minutes in front of the Powell speech, the president threw Gauntlet to the bold chair.

“This would be the perfect time for Fed -Chairman Jerome Powell to reduce interest rates,” Trump said in a truth of a truth. “He is always ‘late’, but he could now change his image and quickly … cut the interest rate, Jerome, and stop playing politics.”