In his speech just now, Powell said that the US economy does not require the Fed to take any action at the moment. This view is that the Fed does not believe that there are signs of a recession in the economy. Regarding tariffs, Powell does believe that tariffs may cause prices to rise, but this "one-time" increase does not require monetary policy to adjust. Powell's statement is that if tariffs do not recur and continue to rise, it may not have much impact on the long-term trend of inflation. To put it more clearly, prices will rise once anyway, and after the rise, they will reach the price. Anyway, it will affect the inflation data of 1 to 2 months, and then it may gradually decline (after all, tariffs do not continue to rise). So Powell's main point is that because the economy is good, there is no need to rush to cut interest rates. This tweet is sponsored by @ApeXProtocolCN｜Dex With ApeX