On the morning of May 8, Beijing time, Federal Reserve Chairman Powell spoke at a press conference following the interest rate decision, highlighting the following points:

Interest Rate Policy: The Federal Reserve will keep the federal funds rate range unchanged at 4.25%-4.5%, marking the third consecutive meeting without action. Powell stated that the Federal Reserve is not in a hurry to act, and there may be situations in the future that are suitable for a rate cut or remaining unchanged, with the current threshold for a rate cut being relatively high.

Economic Outlook: Powell believes that the U.S. economy is resilient and in good shape, but the uncertainty surrounding the economic outlook has further intensified, with risks of high unemployment and high inflation both increasing, potentially forcing a trade-off between the two. He expects the U.S. first-quarter GDP data to be revised upward.

Impact of Trade Policy: The tariff policies of the Trump administration have had a greater-than-expected impact, and if tariffs remain at current levels, it could lead to slower economic growth and rising long-term inflation, pushing the timeline for the Federal Reserve to achieve its goals at least to next year. However, ongoing trade negotiations in the U.S. could "significantly change the situation."

Independence of the Federal Reserve: In response to Trump's frequent pressure on the Federal Reserve to cut interest rates, Powell stated that this has no impact on the Federal Reserve's ability to fulfill its responsibilities, and he has never actively sought to meet with any president, nor will he in the future. #BTC突破99K $BTC