Every public speech by Fed Chair Powell serves as a compass for the financial markets, guiding investors' expectations and actions. Looking back from 2018 to 2024, Powell's remarks not only reflect the evolution of U.S. monetary policy but also play a crucial role in shaping the global financial landscape.
In 2018, Powell's speech conveyed a strong signal of interest rate hikes, which directly led to a rise in U.S. Treasury yields and triggered severe fluctuations in the stock market in the short term. In contrast, the average inflation targeting (FAIT) framework introduced in 2020 injected a
View OriginalIn 2018, Powell's speech conveyed a strong signal of interest rate hikes, which directly led to a rise in U.S. Treasury yields and triggered severe fluctuations in the stock market in the short term. In contrast, the average inflation targeting (FAIT) framework introduced in 2020 injected a