According to BlockBeats, on May 2, WSJ reported that Federal Reserve Chairman Powell hinted that the unemployment rate must rise by more than 0.2 percentage points before the Fed will cut interest rates. (Jinshi)

According to BlockBeats, on May 2, Federal Reserve Chairman Powell said that restrictive monetary policy is fulfilling its due responsibilities. "We have made considerable progress on the inflation issue." It will take some time to reduce inflation to 2%, "but we will succeed." (Jinshi)

According to BlockBeats, on May 2, Federal Reserve Chairman Powell said: I don’t have much confidence in whether interest rates will be cut this year. I don’t know whether inflation will fall enough to cut interest rates. There are ways to cut interest rates, and there are ways not to cut interest rates. (Jinshi)

According to BlockBeats, on May 2, according to Binance market data, BNB rebounded above $565 and is currently quoted at $565.9, with the 24-hour decline narrowed to 0.54%.

According to BlockBeats, on May 2, according to OKX market data, Ethereum rebounded above $3,000.

According to BlockBeats, on May 2, according to OKX market data, Bitcoin rebounded above $59,000.

BlockBeats news, May 2, Federal Reserve Chairman Powell: I don't know how long it will take us to cut interest rates. When we are confident about inflation, interest rate cuts will become possible. (Jinshi)

According to BlockBeats, on May 2, according to market data, the SOL/BTC exchange rate is currently reported at 0.0022695, with a 24-hour increase of 10.17%.

According to BlockBeats, on May 2, Federal Reserve Chairman Powell said that unexpected weakness in the labor market could stimulate rate cuts. If inflation is more persistent and the labor market remains strong, it may be appropriate to postpone rate cuts. (Jinshi)

According to BlockBeats, on May 2, Federal Reserve Chairman Powell said that the next policy interest rate adjustment is unlikely to be a rate hike. If interest rates are to be raised, evidence must be seen that the policy is not sufficient to reduce inflation to our target level. (Jinshi)