What the traders were waiting for wasn’t a lifeline, but a surprise blow from Powell. This guy slammed the table on the podium: 'This interest rate is tough enough to withstand tariffs and inflation troubles!' As soon as he finished speaking, the market exploded—September rate cut odds were instantly halved, and the trading floor was filled with curses sharper than the candlestick lines. It’s truly unbelievable to wait three months for this!
The dollar is surging like it's been injected with adrenaline, gold is getting trampled and sold off to the floor, and the S&P 500 is wailing in a sea of red. Powell even delivers a parting shot: 'Policy assessment? Not yet!' This isn't a central bank governor speaking; it's clearly a eulogy for the market!
Underneath the FOMC table, the currents have been stirring. A 9:2 vote looks solid? Waller and Bowman, the two tough guys, flipped the table directly: 'Cut! Immediately cut by 25 basis points!' For the first time since 1993, two board members rebel at the same time; what about Powell's 'consensus'? The Fed's internal division is almost laid bare!
The more outrageous moves are yet to come: on one hand, they downgrade economic expectations saying 'growth is sluggish,' while on the other hand, they stubbornly claim consumption is 'steady as an old dog.' The people's wallets have shrunk to paper-thin, and Powell casually says 'it was expected'? Waller slams the table warning that employment might collapse, and this guy rolls his eyes: 'High interest rates won't crush the economy!' What are you pretending to be, a big bad wolf? Do you think workers' livelihoods are just a card game?
Trump on Twitter must be furious. Before the decision, he was shouting 'September must cut rates' and scolding the Fed for dawdling. And what happened? Powell didn’t even raise an eyebrow. This isn't central bank independence; it's outright riding on the White House's back to relieve himself! Interest rate decisions are stained by politics, dirtier than gutter oil!
The Fed's stubborn reasons for holding interest rates are even more outrageous—claiming they want to 'see the effects of tariffs.' But tariffs have been in place for half a year, and inflation data has been flat for five consecutive months! The unemployment rate has dropped just slightly, still relying on the labor force cut from immigrant policies! On one hand, they shout 'high inflation,' and on the other, they are slapped in the face by the data. The Fed is playing a double standard smoothly!
The old hands on Wall Street are dumbfounded. BlackRock managers complain that Powell 'talks like he's passing gas'; Goldman Sachs ominously warns: unless employment collapses or tariffs fizzle out, don’t think about rate cuts. The harshest is that Bloomberg guy: 'Make sure to have your emergency heart pills ready for stock trading in the future!' If the data sneezes slightly, the market has to go on a three-day ICU trip!
Powell's hawkish stance is a gamble on the Fed's dwindling credibility. The interest rate noose is tightening, and the people's consumption is nearly gasping for air, while the White House's warnings fall on deaf ears. When iron-fisted policies collide with harsh realities, this grand drama has just begun to unfold!
Powell stomped out the flames of interest rate cuts but ignited a bigger bomb. Political infighting, economic sluggishness, and high-level disputes—three piles of rotten accounts mixed into one pot. I just want to ask: will the next batch of chives shredded by this hawkish claw be your hard-earned money in your account?