Powell's attitude remains tough, which lowers the probability of a rate cut in September. Before his speech, the probability of not cutting rates in September was 33.6%, and after his speech, the probability increased to 51%.

Powell demonstrated through action that the Federal Reserve will not be influenced by political interference. Future inflation is likely to be affected by tariffs, and until the tariffs are fully implemented, the Federal Reserve will not take any preemptive actions!

He also expressed multiple times that the Federal Reserve needs to see more data before deciding on the interest rate trend in September. This also means that if Powell and the Federal Reserve remain steadfast, then as long as the tariffs are not fully implemented and show an impact on inflation, the possibility of a rate cut in September is not arranged by the Federal Reserve.

Wow, old Powell is really tough! $BTC