【Jefferies: The Federal Reserve Faces Communication Challenges After Trump's Election】Golden Finance reports that Brad Bechtel, Global Head of Foreign Exchange at Jefferies Group, stated that responding to anticipated changes in fiscal policy goes beyond the Fed's responsibilities, but it will become a focus for Fed officials. "Powell has proven to be very effective in communication, adept at keeping the ball on the fairway," Bechtel said, "I don't think he will necessarily speak explicitly about any spending increases, but he knows internally that it will have a positive impact on the economy." Bechtel expects that the Fed may further lower interest rates this year, but may maintain rates at levels higher than during the Harris administration next year.