It's over. First of all, Walsh's speech was way too fast, completely different from Powell. Powell usually takes about an hour to answer reporters' questions, but this time Walsh wrapped it up in just half an hour, and barely gave any clear answers—just one or two sentences to brush things off. In my personal opinion, Walsh's remarks were quite hawkish. He believes that as long as inflation isn't under control, the Fed might have to take measures to ensure inflation returns to 2%. In other words, to bring inflation back to 2% quickly, the Fed won't hesitate to continue raising interest rates. About three reporters brought up the issue that rate hikes won't solve the Hormuz problem, which is also the question I wanted to ask the most. But Walsh didn't give a very clear answer. Of course, Walsh himself knows that rate hikes can't address energy supply issues. However, the Fed's stance must be clear: using rate hikes to curb price increases. As for Walsh or the Fed's current perspective, they believe the U.S. economy and employment are stable and growing. So, in their view, rate hikes won't lead to a rise in the U.S. unemployment rate. But he also mentioned that rate hikes will inevitably bring some "collateral damage," though the Fed shouldn't be held responsible for that collateral damage. In summary, Walsh's point is that if inflation continues to rise, the Fed will keep raising rates, no matter what Trump says. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all-in-one trading platform.