Powell stated: No rush to lower interest rates before the impact of Trump's policies becomes clearer, and no rush to lower interest rates before further clarity on how the new Trump administration's policies affect the economy. Powell said, "The new administration is implementing significant policy changes in four different areas: trade, immigration, fiscal policy, and regulation. Uncertainty surrounding these changes and their potential impact remains very high. Our focus is to distinguish signals from noise amid changing prospects. We do not need to rush, we are fully capable of waiting for clearer prospects." Powell's speech took place when the stock market and bond yields were falling, Trump announced high import tariffs on major trading partners Mexico and Canada, which were later postponed. Although Powell said the economy "remains in good shape," data also indicates potential consumer spending slowdown, as well as increased corporate uncertainty about the "economic outlook." Powell added that key indicators remain solid, although inflation and employment progress are imbalanced, but still sustainable.
[爱心] Conclusion: Speaking in human language means Powell believes that "because Trump has just started announcing a series of plans, the tariff cycle and other policies have uncertainty, so the Federal Reserve remains vigilant. He stated that the Federal Reserve has the ability to distinguish between good and bad as well as current market conditions, the current economic situation is good, not in a hurry to lower interest rates, and will adjust interest rates according to further market changes." [爱心] Trump has just finished holding a press conference in the oval office without mentioning the crypto market, I will see after the crypto conference is over, I wake up an hour earlier to see the condition and news of the American market, brothers, sleep a little longer, at 3:30 will call everyone in the live chat room.
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Powell stated: No rush to lower interest rates before the impact of Trump's policies becomes clearer, and no rush to lower interest rates before further clarity on how the new Trump administration's policies affect the economy. Powell said, "The new administration is implementing significant policy changes in four different areas: trade, immigration, fiscal policy, and regulation. Uncertainty surrounding these changes and their potential impact remains very high. Our focus is to distinguish signals from noise amid changing prospects. We do not need to rush, we are fully capable of waiting for clearer prospects." Powell's speech took place when the stock market and bond yields were falling, Trump announced high import tariffs on major trading partners Mexico and Canada, which were later postponed. Although Powell said the economy "remains in good shape," data also indicates potential consumer spending slowdown, as well as increased corporate uncertainty about the "economic outlook." Powell added that key indicators remain solid, although inflation and employment progress are imbalanced, but still sustainable.
[爱心] Conclusion: Speaking in human language means Powell believes that "because Trump has just started announcing a series of plans, the tariff cycle and other policies have uncertainty, so the Federal Reserve remains vigilant. He stated that the Federal Reserve has the ability to distinguish between good and bad as well as current market conditions, the current economic situation is good, not in a hurry to lower interest rates, and will adjust interest rates according to further market changes."
[爱心] Trump has just finished holding a press conference in the oval office without mentioning the crypto market, I will see after the crypto conference is over, I wake up an hour earlier to see the condition and news of the American market, brothers, sleep a little longer, at 3:30 will call everyone in the live chat room.