Today, the US stock market was divided due to the impact of Walsh's speech before the opening, but Walsh's speech still maintained his previous style and direction. He stated that the Federal Reserve will not provide forward guidance on the future path of interest rates and hopes that decision-makers can engage in sufficient discussions based on the latest data at each interest rate meeting, rather than predicting policy direction to the market in advance. This is consistent with his FOMC debut, both aimed at changing the existing decision-making paradigm of the Federal Reserve. At the same time, he also expressed his views on AI, saying, 'Whether AI has an inflationary effect should be decided by the central bank.'. ”This corresponds perfectly to the recent rumors that the Federal Reserve is preparing to use AI to affect employment and even trigger deflation as a reason to change the inflation algorithm model. Even tonight's rebound of Bitcoin may be due not only to the new low oversold rebound, but also to the smart money smelling the scent of Walsh's outer eagle and inner dove, understanding that he is only building credibility and that Walsh is actually trying to compete for the explanatory power of "what constitutes real inflation pressure". Once the new narrative is successful and the five reform working groups successfully help him establish himself in the Federal Reserve and gain power, he is likely to readjust the current narrative of interest rate hikes to a narrative of interest rate cuts. Of course, it is only a hypothesis that Walsh is paving the way for future interest rate cuts, not a signal that has been fulfilled. But based on the previous interview with Besent, the probability of this assumption ultimately being realized is not low. This may also be one of the reasons for the rebound of gold and silver tonight. This content is sponsored by @ BITstocks_CN. Buy BIT-16000+US stocks and ETFs on the US stock market, hold real positions, and enjoy dividends.