GSR： Market focuses on Powell's speech this week, with expectations of interest rate cuts and the risk of a global economic recession remaining the focal points

On April 15th, according to Decrypt, Carlos Guzman, a research analyst at cryptocurrency market maker GSR, stated that market participants will closely monitor Federal Reserve Chairman Powell's speech this week. They are eager to understand the Federal Reserve's position on potential recession issues. He said, "When the suspension of tariff policies was announced, people's main concern was that it could lead to a large-scale economic contraction. At that time, the market expected that interest rates might be cut four times this year After Trump announced a 90 day suspension of most tariffs last week, expectations of a recession have decreased and expectations of interest rate cuts have also weakened. However, Guzman mentioned that the market still expects more interest rate cuts than before Trump announced the suspension of tariff policies. He said, "If the global economic situation looks bad, the Federal Reserve may adopt more stimulus policies. This could be a medium-term benefit for cryptocurrencies, although the impact may be smaller in the short term due to recent fluctuations