On December 4th, Powell stated in his speech that the Federal Reserve has not yet achieved its goal of reducing inflation, but is still making progress in bringing inflation down. The rising price level has led to public dissatisfaction, and while the employment situation looks good based on the number of jobs, low-income groups are under pressure. These remarks are in line with expectations for another 25 basis point rate cut in the U.S. in December. He also mentioned in his speech that Bitcoin is viewed as a speculative asset, with its main competitor being gold rather than the dollar.