Summary of Powell's speech: #美联储FOMC会议

1. The main cause of inflation is not the labor market, but tariffs. I can't control what Trump decides; I only judge whether to cut interest rates based on Trump's decisions.

2. How low does the employment rate need to be for an interest rate cut? I will look at the actual situation in the future to measure inflation and employment, determining which goal is further away to make a decision, and how long it will take to achieve those goals!

3. Before the negotiations are finalized, it's hard for me to make a decision. Since you haven't reached a result, I can't assess the actual impact on inflation, so I don't know.

After all that, it feels like I've just performed Tai Chi and can't come up with a single fart! It seems that the road to cutting interest rates is still long and arduous!