Powell's speech just wrapped up. From my personal perspective, Powell was pretty dovish this time—no overly aggressive remarks. Especially when many reporters tried to steer him into saying whether rate hikes were coming, Powell clearly stated that there are no plans for rate hikes at the moment. Of course, Powell also mentioned that it's still a bit early to adjust monetary policy, as more data is needed. When it came to the topic of Walsh taking over, Powell remained calm and kept praising Walsh, without hinting at any issues. This will be a big boost for Walsh's succession. Powell also believes that the oil price increase caused by the U.S.-Iran conflict is temporary and won't have a long-term impact on fuel price trends. Regarding the labor market, Powell still sees it as strong. The unemployment rate is at a relatively low level, and he thinks the current employment situation is pretty good. Although he didn’t provide a clear monetary policy direction, Powell indicated that the Fed might only consider reversing its stance if labor market data shows a significant decline. As for the U.S. economy, Powell believes its resilience is still solid. Even though AI has replaced some labor, the U.S. hasn’t seen any major economic crises yet. Bitget VIP—lower fees, bigger perks!