Powell basically said three things yesterday, so don't get confused by all the official jargon. Let me put it in the most straightforward way——

First, the economy isn't in bad shape yet, so there's no rush to rescue it.
It's simple: America can still hold up right now. Unemployment hasn't exploded, consumption is still going, and businesses haven't given up.
So you're expecting him to cut rates immediately to "save the market"? Sorry, that's not necessary.

Second, inflation is still causing trouble and can't be controlled.
Inflation expectations are being raised even further this year—oil prices, tariffs, services—everything's adding problems.
Put simply: prices aren't listening yet, and if we inject liquidity now, it's like shooting ourselves in the foot.

Third, don't dream about rate cuts.
Interest rates stay frozen, and the internal attitude isn't dovish either——
Some people think no cuts, some think at most one cut, and very few are actually optimistic.
The meaning is obvious: want to wait for a wave of stimulus? Not yet.

The core message in one sentence:
It's not about continuing to hike, but——
High interest rates are here to stay.

Who suffers the most?
BTC, AI stocks, growth stocks—they all "feed on liquidity," and now they're essentially facing a cut-off supply expectation.

What the market fears most isn't bad news,
but——thinking candy was coming, only to have it taken away.

Final takeaway: Powell isn't trying to scare people. He's saying: "Dinner's not ready yet, we can't turn off the heat, so you'll have to go hungry for now."

$BTC $GT $ETH #SEC批准纳斯达克证券代币化交易