[Analyst: The key is whether Powell will focus on policy rather than data] Golden Finance reported that Ellen Hazen, chief market strategist at F.L.PUTNAM Investment Management, said that the key issue is that many of the policies that have been announced are likely to lead to inflation. The question Powell faces at the press conference will be whether he will start to focus on policy rather than data so that they don't fall behind the curve, especially considering that the problem of ignoring fiscal policy in 2021-2022 may cause inflation to be unexpectedly high before they have to intervene. If they responded to fiscal policy at the time, inflation probably wouldn't be so high. So this is a big problem.