
Powell's speech: The economy is strong, inflation is under control, the job market is robust. The interest rate was reduced by 25% in December. The 2025 dot plot expects two rate cuts. The probability of a rate cut in January is low. Did you follow my press conference?
The biggest highlight of Powell's speech this time was the first mention of the pancake in the Q&A section:
Powell expressed his dislike decisively, but his dislike does not mean that the Federal Reserve dislikes it.
He does not want to change the policy of including the pancake in the national reserve, but he does not w