Powell said: There is no rush to cut interest rates before the impact of Trump's policies becomes clearer. We will not rush to cut interest rates before waiting for further clarification on how Trump's new government policies will affect the economy. Powell said: "The new government is implementing major policy changes in four different areas: trade, immigration, fiscal policy, and regulation. The uncertainty surrounding these changes and their potential impact remains high. Our focus is to distinguish signals from noise as the outlook changes. We don't need to rush, we are fully capable of waiting for a clearer outlook." Powell's remarks come at a turbulent time when both the stock market and bond yields are falling, with Trump announcing high import tariffs on major trading partners Mexico and Canada, which were later postponed. Although Powell said the economy is "still in good shape," data also suggest that consumer spending may slow down, and businesses and companies are facing increased uncertainty about the economic outlook. Powell added that key indicators remain robust, and progress in inflation and employment continues to increase, although unevenly.

[爱心]Summary: In plain language, Powell believes that "Because Trump has just taken office and is gradually announcing a series of plans, there is uncertainty in the cycle of tariffs and other policies, so the Fed is keeping watch. He said the Fed has the ability to distinguish between good and bad and the current market conditions. At present, the economic situation is good, there is no rush to cut interest rates, and will adjust interest rates according to subsequent market changes.
[爱心] Trump just finished the oval office press conference, did not mention the cryptocurrency market, will check after the cryptocurrency conference ends, I got up an hour early to check the status and news of the U.S. market, brothers, take a nap, I will call everyone in the live room at 3:30.