Powell said in a speech on Wednesday that the US economy remains 'strong' and will not intervene to rescue the market; proposed establishing a legal framework for stablecoins. On April 17, Federal Reserve Chairman Powell attended an event at the Chicago Economic Club and delivered a speech. He stated that, at present, higher-than-expected tariffs may mean higher inflation and slower growth. Despite increasing uncertainty, downside risks still exist, and the US economy remains 'strong.' The market's hope that the Federal Reserve will intervene to calm volatility may be misguided. He said, 'The market is dealing with a lot of uncertainty, which means volatility. Given the significant changes in President Trump's tariff system, it is understandable that the market may encounter difficulties.' He also added, 'In the short term, we may continue to see volatility in the market.' He emphasized that the Federal Reserve will not be influenced by political pressure. In his speech that day, Powell rarely mentioned cryptocurrencies, stating that cryptocurrencies are gradually becoming mainstream, and establishing a legal framework for stablecoins is a good idea. Stablecoins may have broad appeal and consumer protection measures should be established.