Big news is coming! Powell has something to say:
The Fed is very calm about Trump's new policy!
There is no rush to cut interest rates!
Listen carefully, the Fed's big boss Powell dropped another bomb on November 15. His words were like a reassuring pill, and the market was quiet all of a sudden.
Powell said: "Don't panic, everyone. If Trump returns to the White House, we still have to see what the policy will be like. It's too early to draw conclusions now. We need time to see what impact these policies have on the economy. When the policy becomes clearer, it won't be too late for us to update economic forecasts and policy plans."
Speaking of interest rate cuts, Powell is even calmer: "The US economy is so strong now, why should we rush to cut interest rates? We will keep an eye on inflation indicators to keep them from running wild."
He said again that the Fed's policy interest rate will depend on the next data and the economy. The inflation rate is approaching our 2% target, but it hasn't reached it yet. We will keep an eye on those important indicators. Although they have been falling in the past two years, we think they will float in a range recently.
In short, Powell said: "Don't be nervous, we are doing well in inflation, the Fed will remain calm and set policies based on data."
I hope Powell's words can make everyone feel more comfortable. After all, the financial market is like the weather, it changes at any time, and stability is the hard truth!
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