Summary of key takeaways from Powell's April 16 remarks:

1. Interest rate outlook: uncertainties are high; We are in a good position for now, waiting for clearer signals before considering adjusting our policy stance.
2. Economic outlook: The U.S. economy remains "solid", with strong imports in the first quarter being a drag, and GDP growth may be slower than last year.
3. Inflation outlook: The impact of tariffs is likely to be more persistent, which is expected to push inflation higher; The March PCE annual rate is expected to be 2.3% and core PCE at 2.6%.
4. Job market: Balanced overall; Reduced funding for research is expected to have a significant impact on employment; The unemployment rate is expected to rise.
5. Tariff impact: Tariff increases to date have been much larger than expected; Policies are still being adjusted, and the impact remains highly uncertain.
6. Cryptocurrencies: Gradually becoming mainstream, there is a need to establish a legal framework for stablecoins; There is expected to be a "partial relaxation" of banking supervision.
7. Independence: The Fed's independence is granted by law; The Fed will not be affected by political pressures.
8. Others: Don't expect the Fed to bail out the market; In the event of a shortage of dollars, the Fed is prepared to provide liquidity to central banks around the world.
9. Market reaction: The U.S. index rebounded after falling, and then fell again; U.S. stocks continued to drift lower, with the Nasdaq down nearly 4% and gold climbing slightly. #加密安全见解#