It's time for the Federal Reserve's interest rate decision again, let's fantasize about the results:

Powell's Official Version:

Ladies and gentlemen:

1: We have seen that the U.S. non-farm payrolls increased by 177,000 in April, far exceeding the expected 130,000; the unemployment rate for April is 4.2%, unchanged from March. The strong non-farm employment data provides strong support for the Federal Reserve to maintain interest rates unchanged.

2: At the same time, we see that the U.S. PCE price index for March increased by 2.3% year-on-year, the lowest level since last autumn; the core PCE price index for March increased by 2.6% year-on-year, lower than the previous value of 2.8%, indicating that the inflationary pressure in the U.S. has eased and is moving towards our established target, but has not yet fully reached our expected target of 2%. This gives the Federal Reserve reason to continue monitoring and not rush to cut interest rates.

3: Regarding the President's tariff policy, I have no intention to comment, as it is still unclear what impact the tariff policy will have on the economy. Therefore, we need to wait until the tariff policy is clearer before considering our monetary policy. But for now, I still believe we have enough time to wait and do not need to rush to adjust monetary policy.

Powell's Plain Language Version:

1: I said a long time ago, late summer, late summer! Why do you keep asking? look in my eyes, tell me why, why baby why😨

2: Trump asks me to cut rates, so I cut rates. How will the public view me? What about the independence of the Federal Reserve? look in my eyes, tell me why, why baby why🫢

3: Trump wants me to take the blame. It's not that I don't want to, it's that my boss disagrees. What can I do? Who do you expect me to listen to? look in my eyes, tell me why, why baby why😮‍💨