The news this morning about Powell resigning is false, and he has not made any statements regarding the economy or monetary direction. The reason is simple - we are currently in the "official quiet period" before the next interest rate meeting, and not only is Powell himself prohibited from publicly discussing policy direction, but the entire Federal Reserve Committee members are also barred from doing so.
On the other hand, the White House has just confirmed some big news: Trump has scheduled a cabinet meeting for 00:30 Beijing time tomorrow morning, and an announcement will be released at 3 AM. The press release directly used the term "major statement," which, given the current situation, is likely related to the matter concerning Venezuela.
Releasing announcements at this time point may lead to significant market fluctuations, so it is advised that everyone closely monitor the trends of risk assets.
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#美SEC推动加密创新监管 ⚠️ Let's debunk a rumor first.
The news this morning about Powell resigning is false, and he has not made any statements regarding the economy or monetary direction. The reason is simple - we are currently in the "official quiet period" before the next interest rate meeting, and not only is Powell himself prohibited from publicly discussing policy direction, but the entire Federal Reserve Committee members are also barred from doing so.
On the other hand, the White House has just confirmed some big news: Trump has scheduled a cabinet meeting for 00:30 Beijing time tomorrow morning, and an announcement will be released at 3 AM. The press release directly used the term "major statement," which, given the current situation, is likely related to the matter concerning Venezuela.
Releasing announcements at this time point may lead to significant market fluctuations, so it is advised that everyone closely monitor the trends of risk assets.