Lao Wu said that, in addition to this reason, the fiscal deficit is also the focus. Trump himself said that every 1% interest rate corresponds to an interest expense of 300 billion dollars. Trump hopes to reduce it to 1%. If it can save more than 1 trillion dollars, this expense can greatly relieve his pressure. But the actual problem is that if the interest rate is only 1%, inflation is likely to continue to rise uncontrollably. In addition, does the Federal Reserve need to cooperate with stopping balance sheet tightening? With an average tariff of 15%, it is still 7.5 times higher than last year, and even if Waller takes office, it is estimated that price pressure will increase. So fundamentally, although Powell is a bit slow, he doesn't feel like there will be any mistakes. This article is sponsored by Bitget | @ Bitgetzh