On April 30, as the market widely expects the Federal Reserve to maintain interest rates at this meeting, analysts suggest that more attention should be paid to the future direction of Fed Chairman Powell: Will he continue to serve or leave the Fed when his term as chairman ends on May 15? Analysts stated, 'Regardless of his intentions, we believe that given Kevin Warsh is likely to be confirmed as his successor, Powell's forward guidance on policy during his last press conference as chairman will be very limited.' They added, 'We believe Powell will adopt a more reflective tone when reviewing his tenure—he leaves behind a picture of a well-performing economy, but there is still a distance to the 2% inflation target. With peace negotiations between Iran and the U.S. stalled, the prolonged blockade of the Strait of Hormuz seems to have become the new normal, and we believe the FOMC's determination to maintain interest rates has further strengthened.' (Jinshi)
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