Three highlights tonight... Powell will reiterate that he is not in a hurry to cut interest rates and emphasize the independence of the Federal Reserve
Highlight 1: Pay attention to Powell's speech tonight (important)... Waller will continue to maintain the previous tone, and he may emphasize that policymakers need to see more data and are not in a hurry to cut interest rates. Tainor stated that given inflation is still above target and the economy looks decent, Powell will not be 'too proactive' about rate cuts in the future. Tainor is eager to hear comments about tariffs, especially the potential impact of tariffs on prices. He said that after various statements made by the Trump administration recently, Powell may emphasize the Federal Reserve's independence (the most expensive voice in the world 🐮)