There are so many details! I was indeed one of the first authors on Qidian, and I wrote several novels, though I abandoned them all. Impressive!

Today, I saw many people discussing that Trump might take this opportunity to replace 12 regional Federal Reserve presidents, thereby exerting greater influence on the Fed. However, the Fed acted faster, having already renewed the contracts of 11 of them ahead of schedule.

Sorry, it was Japan that raised interest rates, not lowered them. My hand slipped.

The iStudio at Singapore Airport is quite cryptocurrency-friendly.

it's over

Question 16: Is the liquidity problem collateral damage? Powell's answer: It is collateral damage, referring to the impact of high interest rates, but he believes this impact is unavoidable. Inflation is more serious, so the Federal Reserve needs to address the inflation problem. The US economy is doing very well.

Question 15: Regarding Powell's term of office Powell's answer: I hope to achieve inflation back to 2% and a stable labor market before I leave. I hope to do more work. I'm focused on the rest of my time.

The fourteenth question: The labor issue. Powell's answer: It's still about the relationship between AI and the labor force, so I won't translate it.

Question 13: Where are the risks of inflation, and is inflation cooling down? Powell's answer: The risks of inflation are obvious, and we have already seen them. Inflation is mainly in goods. If it's a one-off increase due to tariffs, then prices will fall back. But tariff-driven inflation may last longer.

The Federal Reserve is unable to solve the housing shortage problem.