Yesterday I listened to Powell's speech after the Fed's rate decision. Honestly, I didn't hear anything sensational, but there are points worth paying attention to, especially if you follow macroeconomics and its impact on crypto.

The most interesting part is his emphasis on the situation in the Middle East. Powell directly said that events there are increasing uncertainty and affecting inflation through energy prices. These are not just words — rising oil and gas prices could lead to an acceleration of inflation in the coming months. Inflation expectations have already started to rise, as seen in the market.

Regarding Powell's speech itself, he emphasized that the current Fed policy remains appropriate and sufficiently tight. The forecast for the producer price index stays at 3.5% in March. He explained the slowdown in job growth as a natural deceleration due to the growth of the working-age population — this is not critical.

Another point from Powell's speech is his positive assessment of the Department of Justice's actions, which assured that they will not reopen investigations against the Fed without serious grounds. This reduces political risk for the central bank.

For the crypto market, this means uncertainty remains high. On one hand, the Fed is not rushing into sharp moves. On the other hand, geopolitical risks and inflationary pressures could create volatility. Usually, during such periods, activity on exchanges increases — people look for hedges and alternative assets. It’s worth watching how the market reacts to macro news.