According to The Kobeissi Letter, Fed Chair Jerome Powell stated that the Federal Reserve does not need to be 'in a hurry' to adjust interest rates, emphasizing a cautious 'wait and see' approach due to ongoing economic uncertainties (source: The Kobeissi Letter on Twitter, May 7, 2025). This signal of stable rates removes immediate pressure from risk assets, supporting current liquidity conditions. For cryptocurrency traders, this stance reduces near-term volatility linked to rate hikes and may sustain bullish sentiment in digital assets as investors seek alternative returns amidst a steady interest rate environment.