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Powell speaks out!
The Federal Reserve will not rescue the market!
Trump becomes a variable in the market!
Federal Reserve Chairman Powell made a strong statement on Wednesday. In the face of the market's eager expectation that the Federal Reserve would intervene to calm the volatility, Powell directly shattered the illusion: "We will not rescue the market."
At a conference in Chicago, he pointed out that the market is digesting the current situation, and volatility is inevitable due to uncertainty. The significant changes in Trump's tariff system make it easy to understand the market's struggles, and it is difficult to pinpoint the root of the troubles in real-time.
Using his experience in the bond market, Powell stated that people's initial judgments about market fluctuations often go wrong, and it is still too early to determine the market's direction. He also mentioned that part of the market turmoil stems from hedge funds reducing leverage or cutting debt, and volatility is expected to continue in the short term.
