Today's content is a bit messy, but overall the reporters have a lot of gossip. However, in the face of these rumors, Powell clearly showed no interest in answering. More people are asking about expectations for interest rate cuts in 2026. I think Powell is still somewhat firm, especially regarding the interest rate cut in January. He believes that there is still a lot of time to observe the data and is not in a hurry to cut rates in January. Of course, he said the same thing last month, but this month he contradicted himself.

However, Powell does believe that there will be a lot of data coming out in December before the January Federal Open Market Committee meeting. This data will help the Federal Reserve provide a basis for the monetary policy in January and beyond. Overall, it still depends on the data, but this time it is slightly different. Powell believes that if there are no tariffs, inflation has already returned to around 2%. What needs to be confirmed now is whether the inflation in goods caused by tariffs is temporary.

In general, Powell did not make very hawkish statements, and he believes that the U.S. economic development is good. The economy is growing well under the influence of AI, and its resilience is strong. He did not mention the possibility of an economic downturn, but when it comes to labor, there is indeed a risk of decline.

Many reporters asked whether the decline in labor is related to AI. To be honest, this puts Powell in a bit of a tough spot, but Powell believes that the current layoffs are not significantly affected by AI. He also stated that the current unemployment rate is still at a low point, and observing the data remains a key focus. It should still be somewhat neutral. $ETH $BTC $SOL #美SEC推动加密创新监管