Powell Speaks Tonight: Rate Cut Expectations Face Another Test Federal Reserve Chair Jerome Powell will attend a public event and take questions tonight at 10:30 PM Beijing time. With Middle East tensions escalating and inflation still above the 2% target, the market expects him to maintain a cautious stance and avoid giving clear signals on the path to rate cuts. February's sharp decline in U.S. job growth has put economic prospects under pressure, leaving the Fed caught in a dilemma of 'high inflation + slowing growth.' The probability of holding rates steady in the short term is rising. Meanwhile, the tense relationship between Trump and the Fed continues, and if Powell leans hawkish, policy battles could heat up again. This speech is one of the most critical macro events of the week, drawing significant attention from both crypto and traditional markets. Source: BlockBeats