Powell ties future rate cuts to labor market weakness as Fed holds rates steady, while Bitcoin stays near $89K with muted reaction. Powell Signals Caution as Labor Market Guides Rate PolicyJerome Powell stated that future rate cuts will depend on renewed weakness in the labor market. pic.twitter.com/asGNOoRYd6 — Laura Shin (@laurashin) January 28, 2026Powell said the labor market has shown signs of stabilization after gradual softening. He added that last year’s rate cuts brought policy closer to a neutral range. Related Reading: No Fed Rate Cuts in 2026, Says JPMorgan – What Does This Mean for Bitcoin?