Fed Chair Powell Won’t Comment on Bitcoin Price, Says Inflation Driven by Supply and Demand; AI Productivity Impact Still Unclear

Federal Reserve Chair Jerome Powell declined to comment on the market prices of gold or Bitcoin, underscoring the Fed’s customary separation from asset-price commentary. He emphasized the Federal Reserve’s intent to remain focused on macroeconomic mandates rather than signaling on individual commodities or cryptocurrencies.

On the inflation front, Powell attributed recent price dynamics to fundamental supply and demand factors, indicating that observed pressures primarily reflect real-economy imbalances. His remarks reinforce that the Fed is prioritizing traditional inflation metrics and established monetary policy tools when assessing outlooks.

Addressing technological disruption, Powell said it is still premature to quantify the impact of artificial intelligence on productivity, and that officials will rely on evolving labor‑productivity and growth data before adjusting forecasts. This cautious assessment frames expectations for potential future monetary policy responses.