$ETH

With just a glimmer of hope, some stimulus comes along—Powell's ultra-hawkish rhetoric let the entire market foot the bill. After last night's FOMC meeting data was released, he didn't forget to thank the "Trump administration."

Whether inflation has been controlled is no longer the key basis for making objective policy adjustments, but rather based on his temperament in dealing with the Trump administration, to defend what he calls Fed independence and impartiality. This is a very selfish individualistic perspective. Addressing core inflation issues and thus implementing contractionary policy is merely a superficial excuse—this is entirely based on self-interest!