#鲍威尔讲话 Powell recently made a number of important statements, releasing several key signals, with the overall tone clearly leaning towards easing.

Firstly, he acknowledged that the US economy has exceeded expectations, with strong growth, but also noted that this growth trend is putting pressure on the labor market. Based on this conclusion, Powell clearly stated that this is a valid reason for a rate cut in September, which further confirms that the rate-cutting cycle is already in place.
Secondly, the Federal Reserve's balance sheet reduction policy is expected to end in the coming months, which means that one of the main sources of uncertainty in the market will soon be removed. Reflecting on post-pandemic policy, Powell rarely acknowledged that it may have been necessary to conclude the asset purchase program earlier, which could be seen as an indirect acknowledgment of the previous overly accommodative policy.
It is worth noting that Pavel particularly emphasized the risks associated with tariffs, warning that this could reignite inflationary pressure, indicating the leadership's ongoing attention to economic risks.
Overall, the current political signals are very clear: the policy of lowering interest rates will continue, the balance sheet reduction will soon come to an end, and market liquidity is returning. These factors together create a favorable environment for risk assets, and the market will soon encounter a new round of growth opportunities. Cryptocurrency markets such as ETH, BNB, and SOL are also responding positively, and investor sentiment is clearly improving.
Against this backdrop, while the economy remains strong, pressure on the labor market is rising, and the inflation situation still carries uncertainty. The market has already begun to prepare for this period of soft monetary policy, and the next focus will be on how investors can take advantage of this opportunity.