Today is another speech by US Federal Reserve Chairman Jerome Powell. At 17:00 Kiev time / 18:00 Moscow time / 21:00 Astana time he will deliver a report on monetary policy in the US House of Representatives (where the Republicans have a majority and the dialogue promises to be difficult).

Potentially, this is a time of increased volatility for the crypto market, BUT there are two points:

1. This is not a speech on the results of the decision on the interest rate, and such speeches often do not have much impact not only on the cryptocurrency, but also on the stock markets.

2. The abstracts of his speech have already been published in advance and the markets do not react to them.

Theses of Powell's speech, nothing new in them compared to the last speech:

- The US Federal Reserve's interest rate is likely at its peak in this monetary tightening cycle.

- The economic outlook is uncertain, with further progress towards achieving the 2% inflation target still not guaranteed.

- If the economy develops as expected, it would be advisable to start cutting rates this year.

- Cutting interest rates too early or too strongly can undo all progress.

- A late or insufficient rate cut could unduly weaken economic activity and employment.

Most likely, there will be no surprises for the markets from Powell’s speech. But you should be prepared in case of increased volatility.#Bloomberghas already responded to the theses of Powell's speech with an article with the headline "Powell repeats that the Fed needs more confidence in reducing inflation."