#PowellWatch The term "#PowellWatch" refers to the constant monitoring of the actions and statements of Jerome Powell, the current chairman of the Federal Reserve (Fed) of the United States. The Fed is the central bank of the U.S., and its decisions have a massive impact on the global economy.

Why is Powell so important?

His words and the Fed's decisions directly influence things like:

Interest rates: If the Fed raises them, borrowing money (for homes, cars, businesses) becomes more expensive, which can cool the economy to control inflation. If they lower them, spending and investment are stimulated.

Inflation: The Fed seeks to maintain stable prices.

Employment: They also aim for a high level of employment.

Financial markets: Their announcements can cause stock markets to rise or fall sharply.

In summary, when you hear "#PowellWatch," it means that investors, economists, and the general public are closely watching every move of the Fed under his leadership, as it largely determines the direction of money and the economy.