On April 17, #鲍威尔发言 Powell stated in a speech:

The Federal Reserve will not adjust interest rates for now and needs more economic data for assessment.

The U.S. economy is robust, but strong imports in Q1 may drag down GDP growth, with March core PCE estimated at 2.6%.

Tariff impacts may continue; the job market is basically balanced, but cuts to research budgets could push up the unemployment rate; the Federal Reserve emphasizes policy independence and is not influenced by politics.

Implying a delay in interest rate cuts, the market reacted sharply towards the end, with the Dow closing down nearly 700 points, the Nasdaq falling over 4%, Nvidia down 7%, TSMC ADR weakening 3.6%, and the Nasdaq falling nearly 4%.