According to @KobeissiLetter, Fed Chair Jerome Powell said "Our two goals are a bit in tension, it's very unusual," highlighting conflict between inflation and employment objectives, source: The Kobeissi Letter on X, https://twitter.com/KobeissiLetter/status/1998841919187636668. The two goals reference the Federal Reserve’s dual mandate of maximum employment and price stability, indicating a challenging policy trade-off when they diverge, source: Federal Reserve, https://www.federalreserve.gov/monetarypolicy.htm. @KobeissiLetter characterized the backdrop as stagflation, signaling concurrent inflation pressures and weak growth dynamics, source: The Kobeissi Letter on X, https://twitter.com/KobeissiLetter/status/1998841919187636668; definition of stagflation source: Bank of England KnowledgeBank, https://www.bankofengland.co.uk/knowledgebank/what-is-stagflation. For crypto traders, stagflation narratives and tighter policy trade-offs have historically coincided with higher risk-asset correlation and volatility, making Fed headlines actionable macro catalysts for BTC and ETH, source: IMF blog "Crypto Prices Move More in Sync With Stocks," https://www.imf.org/en/Blogs/Articles/2022/01/11/crypto-prices-move-more-in-sync-with-stocks; event headline source: The Kobeissi Letter on X, https://twitter.com/KobeissiLetter/status/1998841919187636668.