The Federal Reserve's April FOMC, the market is not watching for rate cuts—it's watching Powell, whether he will stay or leave?



The final answer is: the chair position, he left. The board seat, he did not leave.

This farewell of the current Federal Reserve is more exciting than any rate decision. Four dissenting votes, the largest split since 1992. After Waller took over, it’s hard to do well, and hard to cut rates. This farewell marks the end of the “consensus era” of the Federal Reserve.

Next, we face a financial monster with intertwined powers, tug-of-war from both sides, and the risk of losing direction due to political interference at any moment.

Waller’s job is indeed difficult because he has to fight inflation and also contend with Powell sitting in the board seat.

This drama has only just begun in the second half of the year. $BTC $CL$BTC
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