The Federal Reserve Plays a "Defense Battle": Receiving Subpoenas While Refusing to Cut Rates?

1/ 📜 Department of Justice Subpoena: Criminal investigation into the Fed's building renovation project is escalating. Powell explicitly states this is an "excuse" for political pressure aimed at undermining the independence of interest rate decisions.
2/ 🦅 Collective Tightening of Lips: Officials like Kashkari and Bostic jointly state tonight that inflation remains high, and rate cuts may be temporarily halted in January. Kashkari even explicitly supports Powell, saying that the past year's developments are essentially a game around monetary policy.
3/ 🕊️ "Lone Warrior" Milan: Trump-nominated director Milan takes a different stance. He not only supports rate cuts but also introduces a new logic — "de-regulation" can boost productivity and thus lower prices, so the Fed should boldly cut rates early. He even expects a 150 basis point cut by 2026.
4/ 📉 Market Insights: The recently released PPI and retail monthly rates both exceeded expectations (negative for markets). Coupled with hawkish remarks from officials, the expectation of rate cuts in the short term is being significantly revised. Macro game theory is entering deep waters, and volatility will increase markedly.
#BTC #鲍威尔 #宏观经济 #PPI The above content does not constitute investment advice. Please conduct your own research.
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