Jerome Powell's recent key statements focus on three main areas: interest rate policy, economic assessment, and the independence of the Federal Reserve, with an overall tone that is cautious and emphasizes stability.


First, regarding monetary policy, Powell explicitly stated after the latest meeting that the Federal Reserve has decided to keep interest rates unchanged in the range of 3.5% to 3.75%. This decision is mainly based on inflation remaining above the target level, while the Middle East situation has driven up energy prices, creating uncertainty about future prices. He emphasized that until inflation clearly declines, there will be no easy shift to a rate cut policy.
Second, on economic assessment, Powell believes the U.S. economy remains "resilient," expecting to maintain growth of around 2% or more through 2026, with consumer spending and data center investments serving as important supports. However, he also warned that energy shocks and a slowdown in employment could pose downside risks.
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