Powell will bravely go to Capitol Hill tonight. It can be predicted that Trump will exert pressure. Recently, Trump and Musk have begun to target the Federal Reserve. The relationship between Trump and the Federal Reserve is unprecedentedly tense.
Recently, the market has continuously lowered the expectation of 25-year interest rate cuts due to tariff issues and inflation rebound, which has caused considerable suppression on the financial market. How Bao responds to Trump and his views on the market tonight is particularly important, focusing on whether he continues to send signals that there is no need to cut interest rates.
