In summary, from the price changes in the risk market, everyone already knows what the result is. Indeed, Powell has shown a neutral and hawkish side in both his speech and interview, which is almost the same as his last speech. He denied that the Federal Reserve would be eager to cut interest rates and did not believe that it was necessary to continue adjusting the balance sheet now, mainly because he believed that tariffs would greatly affect inflation and that they would have a long-term impact on inflation. As for the economic aspect, Powell's answer was not much, only confirming that there was indeed a risk of economic downturn, but did not believe that there was a risk of recession. He believed that the current labor market was very strong. But considering the uncertainty of tariffs, it is believed that there may be significant economic fluctuations, but only when they occur can the Federal Reserve know and take action. For the cryptocurrency field, Powell believes that stablecoins are very important and are currently in great need of legislation in the United States. Congress needs to enact a set of bills as soon as possible. Although it is not explicitly stated, according to Powell's previous views, this is consistent with the White House's view that stablecoins will be an extension of the US dollar hegemony. Focusing on stablecoins means focusing on the continuation of the US dollar. These two sentences can help improve the cryptocurrency market. Currently, the US stock market is still struggling. After Powell's speech, CME's expectation of not cutting interest rates in June has risen to 31.7%. Of course, the key is still to look at the GDP data at the end of the month. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex