Tonight, Chairman Powell's speech remains neutral as always. What is puzzling is why he always steers the conversation towards tariffs?

The Federal Reserve primarily relies on raising and lowering interest rates to regulate the market, adjusting the overnight interbank lending rate; while tariff policy is directly decided by the President. After the pandemic, the fourth round of quantitative easing has driven up inflation, and the Federal Reserve's continuous rate hikes have made its decision-makers increasingly cautious about the base rate.

Previously, Trump frequently utilized tariff tools, intending to force the Federal Reserve to lower interest rates to stimulate the market. But Chairman Powell does not take the bait and repeatedly shifts the issue towards tariffs. Both sides have their own agendas, but it is the global economy that suffers, deeply affected by these fluctuations. #鲍威尔半年度货币政策证词 #鲍威尔半年度货币政策证词 #美国国债 #BTC #ETH