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Breaking news!
Powell speaks out:
The Fed calmly responds to Trump's policies!
Rate cuts? No rush!
Pay attention! Fed Chairman Powell released another big move on November 15. His remarks were like a reassurance, which instantly calmed the market.
Powell said: "Don't worry, we still have to wait and see how the policies change after Trump returns to the White House. It's too early to draw conclusions now. We have to have time to evaluate the impact of these policies on the economy. When the policies are clearer, it won't be too late for us to update economic forecasts and policy expectations."
When it comes to rate cuts, Powell is even more calm: "The US economy is so strong now, why should we rush to cut interest rates? We will carefully observe inflation indicators to ensure that they are within an acceptable range."
He reiterated that the Fed's policy interest rate will depend on the next data and economic outlook. The inflation rate is approaching our 2% target, but it's not there yet. We will keep a close eye on those core indicators. Although they have been declining over the past two years, we expect them to fluctuate in the near term.
In general, Powell is telling everyone: "Don't worry, we are on the right track in terms of inflation, and the Fed will remain calm and make policies based on the data."
I hope Powell's words can bring a little comfort to everyone. After all, in the ever-changing financial market, stability is the hard truth!
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