Current two major uncertainties:
1. Will Powell take a hard stance? Firmly reiterating that "the Federal Reserve must be independent!" is equivalent to warning the president not to interfere.
2. How will Trump respond? He claims "no fraud, no trading," but the risk of changing his mind is very high! Old grievances over the rejection of interest rate cuts have not faded, and the powder keg could explode at any time.
Those with positions should pay attention to risk avoidance and ensure good risk control!