Federal Reserve News Agency Nick: neither dove nor eagle, Powell wants to be a "duck", seemingly calm on the surface but constantly paddling in the murky water (can only be said to be too accurate). Main logic: 1. The threat of tariffs that may lead to stagflation; 2. Trump's action seems to have indirectly threatened the independence of the Federal Reserve. 3. The attitude and viewpoint of the voting committee of FOMC are also vastly different.