According to the source, Fed Chair Jerome Powell stated the Federal Reserve will deliver 2% inflation and said tariffs are causing most of the current inflation overshoot; source: Jerome Powell public remarks on Dec 10, 2025; source: Federal Reserve Board long-run inflation objective. For trading, Powell’s attribution makes tariff policy a primary driver to monitor alongside CPI and PCE when assessing the policy path; source: Jerome Powell remarks; source: Bureau of Labor Statistics and Bureau of Economic Analysis release calendars. For crypto markets, IMF research shows Bitcoin has closely tracked risk assets since 2020, making Fed-driven shifts in financial conditions relevant for BTC and ETH price action; source: International Monetary Fund, 2022 analysis of crypto–equity correlations. Traders should prioritize tracking USTR tariff announcements, inflation prints, and FOMC communications as catalysts for rate expectations that transmit to digital assets; source: Office of the U.S. Trade Representative; source: Bureau of Labor Statistics; source: Federal Reserve.