Powell's statement last night: The Fed is calm about Trump's policies and is not in a hurry to cut interest rates.

On November 15, the important remarks of Fed Chairman Powell acted like a tranquilizer to calm market fluctuations.

He said that there is no need to rush to judge the policy changes after Trump's return to the White House. More time is needed to assess the impact on the economy and update economic forecasts and policy expectations after the policy is clear.

When it comes to interest rate cuts, Powell is very calm. Given the strong US economy, he is not in a hurry to cut interest rates. He will pay close attention to inflation indicators to ensure that they are within a reasonable range.

He emphasized that the Fed's policy interest rate adjustment depends on future data and economic prospects. Although the inflation rate is close to the 2% target but has not reached the target, it will pay close attention to core indicators. Although it has declined in the past two years, it is expected to fluctuate in the future.

In short, Powell conveyed to the market: Don't worry, the direction of inflation control is correct, and the Fed will remain calm and formulate policies based on data.

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