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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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🔥🔥 Jerome Powell strongly opposed President Trump, the market is reacting positively 🔥
Jerome Powell firmly dismissed President Trump's statements, saying, "I will not comment on President Trump's statements. I have not spoken to him and will not yield to any of his requests. The Federal Reserve will act independently as needed."
🔥 Responding to the recent changes in politics, Powell acknowledged the temporary uncertainty, but expressed optimism that it would be resolved. He emphasized the stable state of the labor market as a significant positive.
🔥 Regarding the changes in the recent Fed statements, Powell explained: "We decided to remove the mention of inflation, which does not signal any negative intention."
🔥 Powell confirmed his position on monetary policy, stating, "My assessment of our policy stance remains unchanged; our current policy is significantly less restrictive than before."
🔥 Anticipating the future, Powell shared optimistic economic forecasts, noting, "GDP is projected to exceed 2% in 2024, and the real estate sector shows signs of stabilization."
🔥 Powell emphasized the importance of the Fed's independence, saying, "President Trump does not have the authority to fire me. The independence of the Federal Reserve System is important for the strength of the American economy."
Powell's resolute statements increased market confidence, demonstrating resilience against political pressure. 📈💪