What‘s the key point of Powell's speech last night?and how did it effect the market?
@华尔街情报圈:
-Powell gave his answer after the historic 75 basis point interest rate hike.A testing Wednesday passed, and Federal Reserve Chairman Powell spent his first day of congressional hearings.Judging from the market trend, Powell won. His speech did not bring much shock to the financial market. The US stock market only fell slightly, and the volatility of the global market was not much different from that of TuesdayKey points of speech:1. The Fed has no intention of triggering an economic recession, but it cannot rule out the possibility of an economic recession (acknowledging the possibility of an economic recession);2. But another risk is that we will not be able to restore price stability and will have to allow high inflation to take root in the economy. We can't fail in this task, we must b