Old Powell's interest rate cut this time is based on the "observation key"! The economy is hard, and inflation is sticky, so he will first hit the brakes and observe.

The core point is that the Federal Reserve is no longer worried about a weak labor market, and there are internal divisions; the doves have left a back door for another rate cut, while tariffs and AI have become key variables affecting interest rates. Powell's approach of "hard first, soft later" not only avoids the appearance of favoritism towards Trump but also reassures the market.

Don't be intimidated by the "hawkish" appearance; the trend of rate cuts has not been reversed, just the rhythm has been disrupted. Real estate is the Federal Reserve's Achilles' heel, and AI has become both the "scapegoat" and the "savior". In the short term, the market will experience growing pains, and liquidity is tightening; in the medium term, focus will be on mid-year inflation data. Now Old Powell is "trading time for space," waiting to see how things develop! $ETH $BNB $SOL