I completely agree with VV's viewpoint, especially regarding the fact that Powell's actions seem slow, while forgetting the unprecedented QE during the pandemic. In March 2020, there were two rate cuts that brought U.S. interest rates down to zero, one of which occurred during a non-policy meeting, totaling a reduction of 150 basis points (1.5%). Unlimited QE was also initiated in the same month, all of which happened during Powell's tenure.

During this period, Powell's actions were not only not slow, but can even be described as unprecedentedly fast and aggressive, directly driving the bull market of 2021. Moreover, when U.S. inflation rose in 2022, it was also Powell and the Federal Reserve who initiated rapid and significant rate hikes, marking the most aggressive actions by the Fed since the 1980s.

From May to December 2022, rates were increased by 425 basis points, and inflation was indeed suppressed in 2022.

Therefore, from the overall perspective of Powell and the Federal Reserve's actions, saying they were slow is not quite accurate. Of course, whether there are political factors involved is another matter. From an observer's standpoint, the actions taken by the Federal Reserve now, compared to history, do not present any issues, and the overall process and timing control are within a reasonable range.

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