According to Golden Finance, the next Fed meeting will be held from May 6 to 7. The futures market had raised the chance of the Fed's rate cut at that meeting to about 50%, but after Powell's speech, that chance dropped to about 30%. Market participants want to see what is called Fed Put, which means the Fed has eased to calm the troubled market by cutting interest rates, but on Friday, their expectations fell, causing stocks to fall. "Powell's remarks highlight that we are still a long way from the macro environment and market data that could generate 'Fed Put'," wrote Evercore ISI Chairman Krishna Guha. "He is seeking to control expectations so that he can retain room for interest rate cuts when unemployment rates rise sharply, until then, preemptive action is impossible given the scale of the soaring tariff inflation." For Powell, there is no rush. "I feel like we don't need to worry, I feel like we still have time," Guha said.