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Breaking news!
Fed Chairman Powell will appear tonight!
Semi-annual monetary policy testimony attracts attention!
At 23:00 tonight, Fed head Powell will take the stage of the Senate Financial Committee hearing and deliver the much-anticipated semi-annual monetary policy "big speech"!
At the same time, Trump's "four consecutive hits" - trade, taxation, immigration, and regulatory new policies are shrouding the US economic outlook with a veil of mystery, making the Fed's inflation control and labor market maintenance tasks even worse.
The resignation of Fed Vice Chairman of Supervision Barr has given Trump a green light to "interfere" in Fed supervision, and the six seats of the board of directors are waiting for new owners!
Since 2021, the Fed's 2% inflation target has become a "moon in the water", and legislators may "raise the bar". Under the pressure of inflation, the cost of living of the American people has soared, and the 2024 election is therefore "smoky", and the two parties are keeping a close eye on it!
Brookings Institution experts predict: The atmosphere at tonight's hearing will be "tense"! Although the Fed strives to "stay out of it", it cannot violate the "will of the people", and both monetary policy and regulatory policy need the public's "like"!
Trump was dissatisfied with the Fed's recent "holding still", but then "changed his words" and praised it for "stability first". New Treasury Secretary Bensont even supported Powell: "I believe he will do the right thing!"
How will Powell "show his sword" tonight? Let's wait and see! 🔥
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