The Federal Reserve's accommodative monetary policy stance provides an inflation setup that is constructive for cryptocurrency and crypto assets.No gains in labor participation rate, when coupled with the Fed's symmetrical inflation target, will slow normalization of US monetary policy.Flow of 900 bitcoins per day is low compared to base of 18.75 million bitcoins. Flow rate halves every four years. Total number of bitcoins is capped at 21 million.I believe it is likely Powell's narrative objective is to demonstrate he adequately recognizes inflation concerns, but to downplay the significance of them.Concerning the timing of tightening, Powell stated that the “substantial further progress” measure has not been reached and is "still a ways off".