Jerome Powell Optimistic On Cooling US Inflation, Bitcoin Rally Imminent? Jerome Powell, the US Federal Reserve Chair, expressed confidence in cooling US inflation, potentially leading to more rate cuts, which could impact Bitcoin prices. Powell stated that the labor market is solid and hinted at no rush for further rate cuts this year. Despite this, there's a bullish outlook for Bitcoin, with expectations of a rally, especially in October. Various analysts predict a potential rally, with some suggesting Bitcoin needs to break above $70,000 to reach new highs. Overall, the article outlines Powell's stance on inflation, potential rate cuts, and the expected impact on Bitcoin prices.