Summary of key points from Powell's April 16 speech: Tariff impact could be longer lasting and cryptocurrencies are moving into the mainstream

According to information from ChainCatcher, here are the key points of note in Powell's speech on April 16: 1. Interest Rate Outlook: There are many uncertainties; currently in a good position, waiting for clearer signals before considering policy adjustments. 2. Economic Outlook: The US economy remains "strong", Q1 imports pulled growth down, GDP growth may slow compared to last year. 3. Inflation Outlook: Tariff impacts may be more persistent, expected to push inflation higher; estimated annual PCE in March was 2.3%, core PCE was 2.6%. 4. Labor Market: Generally maintaining balance; research fund cuts could significantly impact employment; unemployment rate is predicted to increase. 5. Tariff Impact: Current tariff increases far exceed expectations; policy is still adjusting with many uncertain impacts. 6. Cryptocurrency: Gradually becoming mainstream; need to build legal framework for stablecoins; expecting partial regulatory relaxation for banks. 7. Independence: The Federal Reserve (Fed) has legal independence; will not be influenced by political pressure. 8. Other Contents: Do not expect the Fed to rescue the market; if USD shortage occurs, the Fed is ready to provide liquidation to global central banks. 9. Market Reactions: USD index declined then recovered, then declined again; US stocks continued downward, Nasdaq dropped nearly 4%, gold prices slightly increased.