{"content":"🧭 Summary — Jerome Powell at NABE Annual Meeting (Oct 14, 2025) 🔹 Fed Chair Jerome Powell delivered his final remarks before the upcoming FOMC meeting, outlining a cautiously balanced economic outlook: 🔹 Rates: The Fed maintains the benchmark rate at 4–4.25% after the first cut this year in September. → More cuts are likely ahead — two by year-end, one in 2026. 🔹 Labour Market: Powell noted a sharp slowdown in hiring, largely due to lower immigration and weaker labour participation. Despite this, consumer spending remains surprisingly strong. 🔹 Risks: The “balance of risks” has shifted — now leaning toward downside risks in employment rather than inflation. 🔹 Data & Shutdown: With the government shutdown delaying official data, the Fed relies on private data sources to guide its decisions. 🔹 AI & Innovation: Powell highlighted the emerging role of AI in research and economics, saying it’s “still early days, but the Fed is actively studying its potential impact.” 🔹 Balance Sheet: The Fed plans to end balance sheet runoff once reserves stabilize above “ample” levels. In short — the Fed has pivoted from fighting inflation to guarding against a weaker job market, while staying open to future rate cuts as economic momentum slows. 💥 Bulls… our time is coming. #FOMC‬⁩ #Powell #Macro #interestrates #bullmarket $ENA $SOL $HOLO ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/14/be02628c26caec9d61b5ad14a3c408ee.png"],"tags":[],"tradingPairs":["HOLO/USDT"],"quotearticleid":0}