My impression from this meeting is that at first glance it seems to be dovish, but upon closer examination, it seems to have some hawkish elements!

1. The impact of tariffs on inflation is slow, and the Federal Reserve needs more time to observe the effect of tariffs on inflation.

2. Whether the impact of tariffs ultimately affects merchants or consumers requires further observation. The implication is that the current economy will not experience a major shock, but this does not mean there won't be one in the future.

3. Powell explicitly stated that maintaining high interest rates is more beneficial for controlling inflation and emphasized that the duration of high interest rates will be longer.

4. Powell believes that the current interest rates are more favorable for the Federal Reserve, and in case of an emergency, the Federal Reserve is fully capable of responding. $BTC $ETH #美联储FOMC会议 #币安钱包TGE