I took some time to watch the video of last night's Federal Reserve meeting—

Powell defined the 0.25% rate cut as "risk management" and hinted at two more rate cuts expected this year, with one more anticipated next year.

However, there is a clear contradiction between the economic forecasts and the content of the speech:

On one hand, the Federal Reserve acknowledges the weakening labor market and initiates rate cuts. On the other hand, the released economic forecasts indicate rising inflation, which remains at a high level.

This directly leads to a lack of direction in the investment market, with U.S. stocks declining instead of rising.

Moreover, the Q&A session with reporters was truly spectacular—

Powell almost had an epic meltdown: on one hand, he insisted on continuing rate cuts and that the economy would grow, while on the other hand, he admitted that the inflationary sparks could no longer be suppressed, and he also had to reiterate the independence of the Federal Reserve.

After stammering around for a long time, he tried to paint a rosy picture for the market while dealing with political pressure, ultimately leaving behind contradictions.

Throughout the entire press conference, not a word was mentioned about tariffs, and he was completely silent on the government's bottomless spending. The old man seems to be at a loss; let anyone who wants to be the chair take the position!

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