Powell just dropped another "let's be patient" bomb. The Fed chair's latest take? They're cool with sitting back and watching how things play out. No rush to make moves.

What caught my eye: his team's internal forecasts are painting a pretty optimistic picture on the productivity front. Higher productivity projections usually mean the economy can handle more growth without triggering inflation alarms. That's the kind of backdrop risk assets love.

For those tracking macro headwinds, this wait-and-see approach means rate decisions aren't on autopilot. Powell's basically saying they've got room to be flexible, which could keep volatility in check across both traditional and digital asset markets. The productivity angle is interesting too – if that plays out, it changes the whole inflation narrative we've been stuck in.