Powell said: We are not in a hurry to cut interest rates until the impact of Trump's policies becomes clearer. We will not rush to cut interest rates until the impact of the new Trump administration's policies on the economy becomes clearer. Powell said, "The new administration is implementing significant policy changes in four different areas: trade, immigration, fiscal policy, and regulation. Uncertainty remains high around these changes and their potential impacts. Our focus is on distinguishing signals from noise as the outlook evolves. We do not need to act hastily; we are fully capable of waiting for a clearer outlook." Powell's remarks come at a tumultuous time shortly after the stock market and bond yields both fell, and Trump announced high import tariffs on major trading partners Mexico and Canada. While Powell said the economy is "still in good shape," data also indicate that consumer spending may be slowing and businesses face "increased uncertainty about the economic outlook." Powell added that key indicators remain solid, and progress on inflation and employment continues, albeit unevenly but ongoing.

Summary: In simple terms, Powell believes that "due to Trump's recent inauguration and gradual announcement of a series of plans, there is uncertainty in the tariff and other policy cycles, so the Fed is paying attention to this situation. He said the Fed has the ability to distinguish between good and bad and the current market conditions. Currently, the economic situation is good, and there is no urgency to cut interest rates. Depending on subsequent market changes, the Fed will adjust interest rates as needed.
Trump just finished the oval office press conference, without mentioning the crypto market. Let's wait until the crypto meeting is over before checking. I'll wake up an hour earlier to see the status and news of the U.S. market. Brothers, rest well. Will gather everyone in the live room at 3:30.