
TraderS | 缺德道人|Jul 13, 2025 12:23
The voting has ended, and it seems that 56% of the participants believe that Powell's resignation is not a good thing. Yesterday, it was only Powell's spokesperson Nick who spoke out, implying that he would never resign unless Powell died. Today, the Federal Reserve responded to accusations of excessive renovation on its official website. I have attached the link and screenshots in both Chinese and English.
It's normal to overspend on building something in the United States. It's so common that someone like me who loves reading news usually doesn't even bother to talk about it. Without checking the information, I'll just give a few examples, such as the construction of the Ford aircraft carrier, the F22 F35, and the California high-speed rail. In the United States, it's better not to exceed the project budget. Generally, the final cost of the project is several times the approved budget. The Federal Reserve's overspending from 1.9 billion to 2.5 billion is already quite reasonable in proportion.
As the old saying goes, those who have wronged you know more about how wronged you are than you do. Since Powell has decided to hold on and not cut interest rates, he can hold on until the end. Don't jump back and forth between being beaten and eating cow dung like Iran. However, in order to avoid interest rate cuts, the CPI data next week may not look too good. If the data is too good, wouldn't Master Bao have no reason to bear it? Of course, he may also suddenly learn how to change Kawako's face, but the probability is not as high as Kawako's.
https://www.federalreserve.gov/faqs/building-project-faqs.htm
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