Recently, CNBC's Mad Money host, Jim Cramer, discussed Federal Reserve Chair Jerome Powell's remarks from the latest Fed meeting. According to Powell, the possibility of raising interest rates is minimal as officials are waiting for more evidence to determine if the current policy is effective in controlling inflation.

Cramer advised investors to take Powell's hint about a rate hike being unlikely seriously, despite ongoing inflation concerns. However, Cramer warned that market volatility might resume following the release of the upcoming job data report.

Although Powell did not suggest that rate cuts were imminent, Cramer applauded the Fed chair for eliminating the possibility of a rate hike in the near future. Considering Cramer's past track record with predictions, especially in the crypto market, the recent macroeconomic developments raise questions about their impact on cryptocurrencies.

Implications for Cryptocurrencies

Recent data shows that Bitcoin experiences April declines almost every year, with three out of four indicating significant losses in May. However, if inflation concerns ease and the market expects a more relaxed Fed policy, cryptocurrencies and other speculative assets could see some relief.

The Fed has maintained interest rates between 5.25% and 5.5% for almost nine months, with Powell's statements suggesting that rate cuts are not on the horizon. The prolonged maintenance of interest rates could pose a risk to risk assets like cryptocurrencies, deterring bullish investors.