Powell's speech, a wealth of information! Let's talk about the key points:

Economic Situation: Surface Glitz Hides Worries

The US economy looks quite strong, but inflation is still a bit higher than the 2% target. The first quarter GDP decline, he said, was due to trade fluctuations, but the reliability of this reason is still questionable.

Inflation and Unemployment: Difficulties on Both Ends

Inflation has indeed decreased significantly, but due to tariff issues, short-term inflation expectations have risen again. What's more troublesome is that the unemployment rate is rising and the risks of inflation are increasing, putting the Fed in a tough spot.

Monetary Policy: In a Dilemma and Afraid to Act

The current political situation is complex, and the Fed must be very cautious when adjusting policies. The impact of tariffs has exceeded expectations, making decision-making even more complicated for the Fed, which can only remain watchful and hesitant to act hastily.

Market and Labor Force: Subtle Changes Are Happening

The labor market is currently relatively balanced, but wage growth is not as strong as before. Both businesses and the public are feeling uncertain, and decisions are being postponed whenever possible, leading to a noticeable lack of market vitality.

Future Outlook: Foggy and Hard to Predict

The uncertainty brought by tariffs is too great, and the Fed cannot accurately gauge the next steps for monetary policy. Powell emphasized that in order to have a good job market, price stability must come first.

Summary: Both Rate Hikes and Cuts are Difficult, Just Hold On

The Fed is currently afraid to cut rates and hesitant to raise them, so they can only proceed with extreme caution. That being said, in the current crypto market, if you want to make money, you need to chase hot trends! Recently, Trump and Solana have been extremely popular. As a Trump-themed coin and a meme on the Solana chain, Conan's community is very active, consensus is strong, and its market cap is still low, with huge potential for the future. Friends who want to dive in can do some research!