This one doesn't seem to have changed much, still maintaining the Federal Reserve's previous attitude, but it does increase expectations for inflation caused by tariffs and war. For tariffs, it still depends on the final data, while for war, Powell is more optimistic, believing that the rise in energy is short-term and will eventually decrease in the long run, so the impact of war on inflation is not significant. Others are still in the labor market, believing that the current employment situation in the United States is good and the economic development is stable, without seeing any systemic problems. When asked about the Federal Reserve's expectation of interest rate cuts, Powell still believes that he will only consider when inflation returns to the 2% path or when there is a significant decrease in inflation. Raising interest rates is currently not within the scope of consideration of the Federal Reserve. Overall, it can be considered a relatively neutral statement, without any obvious intimidation of the market or any comfort to the market. However, when it comes to the economy, Powell still believes that the US economy is currently doing well. But because the economy is doing well, there is no rush to cut interest rates. The original statement is that there is no urgent demand for interest rate cuts in the labor market. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex