Federal Reserve Chairman Jerome Powell has warned about the impact of President Trump's tariff policies. The level of tariff increases announced so far has been significantly higher than expected, "Powell said in his speech. The economic impact may also be the same, including higher inflation and slower growth In other words, stagflation - this is a review of a significant portion of the 1970s, when the United States experienced weak economic activity and double-digit inflation. We may find ourselves in a challenging situation where there is tension between our dual task objectives, "Powell continued. In the minutes following Powell's speech, the price of Bitcoin (BTC) fell by about 2.5% and has dropped by 1.5% in the past 24 hours. BTC Powell