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May 14th, focus on news updates
What do you think about the end of the Powell era?
Personal opinion:
Powell is a "night watchman in turbulent times," with extreme merits and faults; his departure signifies the Federal Reserve shifting from "data dependence and slow response" to a more hawkish, more politicized new phase, requiring global markets to reprice.
Summary:
Powell: born in turbulent times, contributed to stability, lagging in shortcomings; his departure marks the beginning of the Fed's "de-Powellization"—more hawkish, more chaotic, more political, and markets must adapt to greater uncertainty.