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The Jerome Powell speech is a key catalyst, impacting the crypto market significantly. The US is among the world’s top economies, so its monetary decisions affect the most financial markets. As a result, the eyes are all on the Fed’s decision, as the US interest rate decision could either crash or rally the market, especially as the Donald Trump tariff brought extreme turbulence and crashes. Jerome Powell Speech Time and Where to Watch? Jerome Powell Speech is the highlight of the FOMC meeting, taking place moments past the meeting’s conclusion at 2:00 PM. The United States Federal Open Market Committee (FOMC) is holding its 3rd meeting, led by Powell. Today’s Fed meeting will evaluate the economic conditions of the country and develop any potential changes needed for the country, including interest rate cuts. As their decision would impact the US monetary policy, all the nations are watching this event. This becomes important as investors and Trump anticipate interest rate cuts. Jerome Powell will hold a conference at 2:00 PM ET on May 7, which will be live-streamed on the Fed’s official platforms, including YouTube, X (Twitter), and even its official website. The updates on the Fed news will also be live on various social media platforms and new sites like CoinGape. However, rather than the meeting, the focus is on how it would impact the crypto market and others. What to Expect From Jerome Powell Speech and the FOMC Meeting? Bank of America predicted four interest rate cuts in 2025 and Goldman Sachs anticipated three 0.25% cuts, but the possibility of one happening in May is less likely. Even Godman reported for their timeline in July, September, and October. Polymarket reports add further confidence, as the odds of interest rate cuts in May are just 2%, and 98% odds for…

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Filed under: News - @ May 6, 2025 4:25 pm