Powell emphasized that the Federal Reserve's decisions are data-driven and respond to political pressure

ChainCatcher news, according to Jinshi reports, market analysis suggests that Powell emphasizes that the Federal Reserve's decisions are always data-driven, which can be interpreted as a response to political pressure. He stated that monetary policy is not on a preset path, and the members of the Federal Open Market Committee (FOMC) will make decisions solely based on their assessment of the data and its impact on the economic outlook and risk balance, and will never deviate from this practice.