Powell said: Not in a hurry to cut interest rates before the impact of Trump's policies becomes clearer, and not in a hurry to cut interest rates before waiting for further clarity 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. Uncertainties surrounding these changes and their potential impacts remain 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, only to later postpone the implementation. While 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 solid, and progress in inflation and employment continues to increase, albeit unevenly.

[爱心]Summary: In plain language, Powell believes that "because Trump has just taken office and has been gradually announcing a series of plans, there is uncertainty in the tariff and other policy cycles, so the Fed is staying vigilant. He said the Fed has the ability to distinguish between good and bad and the current market conditions, the current economic situation is good, and there is no rush to cut interest rates. The rates will be adjusted as needed according to subsequent market changes."
[爱心] Trump just finished a press conference in the oval office, did not mention the crypto market, will check after the crypto conference is over, I got up an hour early to see the status and news of the US session, brothers take a nap, I will call everyone in the live broadcast room at 3:30.