This may go down as Powell’s most meaningful “farewell rehearsal.”
On the surface: calm.
Underneath: three deep-water bombs just detonated.
🎬 ACT ONE: A CLEAR PAUSE SIGNAL
Rates unchanged.
The much-hyped “rate-cut trilogy” from late last year is officially interrupted.
When Powell says “policy is in a good position”, the translation is simple:
📌 The liquidity frenzy is on intermission.
This isn’t the end of easing — it’s a change in rhythm.
🎬 ACT TWO: PASSING THE BUCK — AND OPENING THE DOOR
Powell admits inflation has rebounded…
But quickly points the finger at external factors like tariffs.
This “blame transfer” matters more than it sounds.
📌 As long as inflation is framed as temporary,
📌 Once those factors peak, the policy door can reopen.
The easing narrative is not dead — just delayed.
🎬 ACT THREE: DEFENDING FED INDEPENDENCE
At a sensitive political moment, Powell draws a hard line:
🛑 “The Federal Reserve must stay away from politics.”
This is both:
A message to the outside world
A red line for whoever comes next
📌 Uncertainty itself has now become the biggest market variable.
🎯 BIG PICTURE
Short-term volatility is just scene noise during a script change.
For sharp players, this messy transition phase often hides the best repositioning opportunities.
The play isn’t over.
The next protagonist is about to step on stage.
Stay alert.
$C98 $BULLA
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