Powell's latest key turning point speech: The Fed's obligation is to keep long-term inflation expectations stable

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On April 5th, Nick Timiraos, the "Federal Reserve mouthpiece," summarized that Federal Reserve Chairman Powell is at a critical turning point. His statements at key turning points over the years are as follows:

June 2019: Take appropriate action to maintain economic expansion;

August 2024: Further softening of the labor market is undesirable;

April 2025: Our obligation is to maintain long-term inflation expectations stable.

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