Powell just dropped some reassuring notes on inflation. According to him, the long-end of the yield curve isn't flashing any alarm bells about runaway prices down the road. Market-based inflation expectations? Sitting pretty at levels he's calling "very comfortable." Translation: bond traders aren't pricing in any nasty inflation surprises, and the Fed's seeing what it wants to see in the data. For crypto folks watching macro tailwinds, this kind of signal matters—stable inflation outlooks tend to keep risk assets from getting slammed by sudden hawkish pivots.