After the meeting on November 7 (early morning of November 8, Vietnam time), the Federal Open Market Committee (FOMC) of the Fed reduced interest rates by 0.25%, from 4.75% to 4.5%. Overall, both the cryptocurrency and stock markets showed little significant movement, as investors had already anticipated this move.

Fed Chairman Jerome Powell noted that economic activity continues to grow steadily, although the outlook remains somewhat uncertain. The labor market has cooled slightly, with a modest increase in the unemployment rate, but it still remains low. Inflation is gradually moving toward the Fed’s 2% target, although it remains elevated. He emphasized that future rate decisions will depend on new economic data, outlook, and a balance of risks to employment and inflation.

Also at this press conference, when asked by Politico’s economic reporter Victoria Guida about Trump’s advisers suggesting he should resign, Powell declared he would not do so even if asked by the president.