Powell Stresses Fed Decisions Are Data-Driven in Response to Political Pressure

According to ChainCatcher, citing Jinshi News, market analysts note that Powell’s emphasis on the Federal Reserve’s data-driven decision-making can be interpreted as a response to political pressure. He stated that monetary policy does not follow a predetermined path, and that members of the Federal Open Market Committee (FOMC) will make decisions solely based on their assessment of data and its impact on the economic outlook and risk balance, never deviating from this approach.