Jerome Powell is scheduled to deliver a speech on May 7 at 2:00 PM ET, following a two-day FOMC meeting, the results of which are expected to influence the cryptocurrency market.

This speech by Jerome Powell serves as a crucial catalyst, significantly impacting the crypto landscape.

As one of the leading global economies, the United States' monetary policy decisions have far-reaching effects on various financial markets.

Consequently, all attention is focused on the Federal Reserve's decision, as the determination regarding US interest rates could either lead to a market downturn or an upswing, particularly in light of the extreme volatility and crashes caused by the Donald Trump tariffs.

Jerome Powell Speech Time and Where to Watch?

The address by Jerome Powell is the focal point of the FOMC meeting, occurring shortly after the meeting concludes at 2:00 PM.

The Federal Open Market Committee (FOMC) of the United States is convening for its third meeting under Powell's leadership.



This meeting will assess the nation's economic conditions and consider any necessary adjustments, including potential interest rate reductions. Given that their decisions will influence US monetary policy, this event is being closely monitored by countries worldwide.

This is particularly significant as both investors and President Trump are anticipating interest rate cuts. Jerome Powell is scheduled to conduct a press conference at 2:00 PM ET on May 7, which will be broadcast live on the Federal Reserve's official channels, including YouTube, X (formerly Twitter), and its official website.

Updates regarding the Federal Reserve's news will also be available in real-time on various social media platforms and news outlets. However, the primary concern is how these developments will affect the cryptocurrency market and other sectors.

What to Expect From Jerome Powell Speech and the FOMC Meeting?

Bank of America forecasts four interest rate reductions in 2025, while Goldman Sachs expects three cuts of 0.25%.

However, the likelihood of a cut occurring in May appears diminished. Goldman Sachs has also indicated a timeline for potential cuts in July,

September, and October. Additionally, Polymarket data reinforces this outlook, showing only a 2% chance of interest rate cuts in May, compared to a 98% probability of no changes.

Analysts anticipate that Jerome Powell will maintain the current rates at 4.25%-4.50% during his upcoming address, supported by a robust US labor market that added 177,000 jobs in April, which is contributing to inflationary pressures.

Additionally, the inflation report for March indicates a rate of 2.6%, remaining above the expected target of 2%.

The unemployment rate remains stable at 4.2%. A reduction in interest rates would lower borrowing costs, thereby enhancing liquidity in the economy, a scenario that Donald Trump envisions.

Nevertheless, the Federal Reserve's position is to adopt a 'wait and see' approach, relying on employment and inflation statistics rather than public sentiment.

Will Crypto Market Rally or Crash?

In the midst of uncertainty surrounding the Federal Reserve's decisions on interest rate cuts, the cryptocurrency market is experiencing significant volatility today.

The majority of cryptocurrencies, including Bitcoin, are seeing a decline in value as investor sentiment remains apprehensive.


The market's performance is significantly influenced by the announcement of Jerome Powell's speech.

Analysts such as Baldwin suggest that cryptocurrency assets may experience considerable volatility if interest rates remain unchanged.

He has recommended that investors exercise caution during this potentially weak phase and monitor the critical support levels for Bitcoin, which are between $91,500 and $92,000.

Should the Federal Reserve reduce interest rates in response to pressure from Donald Trump, a potential upward trend may emerge.

It is important to note that regardless of the outcome, volatility is expected to remain elevated.

Additionally, the forthcoming FOMC meeting scheduled for June 18, along with other macroeconomic developments, must also be taken into account.

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