On April 17, according to 4E monitoring, Powell's latest speech warned that the tariff increase far exceeded expectations may face inflation and economic dilemmas, implying that the Federal Reserve would give priority to controlling inflation, and reiterated that it would maintain a wait-and-see stance and deny that when the market fell sharply. Interest rates will be cut to save the market. Affected by this hawkish remarks, the three major U.S. stock indexes fell sharply collectively. The Nasdaq plunged 3.07%, the S & P 500 plunged 2.24%, and the Dow fell 1.73%. The seven technology giants generally fell, with Nvidia closing down nearly 6.9%, and Tesla falling nearly 5%. The crypto market performed relatively independently amid the sharp decline in U.S. stocks. Bitcoin fell sharply briefly after Powell's speech, but quickly stood back above $84,227. It is currently trading at $84,227, up 0.8% in 24 hours. Most altcoins rose, but market sentiment was cautious and investors were wary of whether they would be affected by the spread of overall economic risks in the future. When U.S. stocks fell sharply, Trump repeatedly called for interest rates, and the market also grew expectations for the Federal Reserve to cut interest rates urgently to rescue the market. However, Powell's latest speech poured cold water on the market. The CME FedWatch tool showed that the probability of the Fed leaving interest rates unchanged in May increased to 83.2%.