Powell: Real interest rates are likely to "remain high" in the future, with more severe inflation fluctuations. Bitcoin stands back at $103,000, and the S&P 500 returns to pre-Trump tariff war levels.

Powell said the U.S. Federal Reserve is conducting a five-yearly monetary policy framework review in response to the drastic changes in the inflation and interest rate outlook since 2020, and the new framework is expected to be released in late summer and early fall. U.S. stocks were mixed, and bitcoin retreated above $103,000. (Synopsis: Bridgewater Dario warns the world: more terrible than recession is the "collapse of currency and world order", now is the tipping point) (Background added: Trump declares "national emergency" tariffs wash Asian stocks in blood, Nikkei plunges 3%, South Korea holds an emergency meeting: Fed Chairman Jerome Powell delivered a speech in Washington yesterday (15) night, saying that the Fed is launching a five-year review of the monetary policymaking framework. The move responds to significant changes in the global economic environment, particularly the outlook for inflation and interest rates, since the last policy framework was implemented in 2020. Power stressed that the review aims to make the policy framework more responsive to current economic realities, and the new structure is expected to be released in August or September this year. However, he did not comment on the short-term economic outlook and the path of interest rates. Policy Reflections on the Fed in the Face of Economic Change Bauer elaborated on the urgency and necessity of this review, making it clear that the economic environment has changed significantly since 2020, and our review will reflect an assessment of these changes. In particular, Bauer noted that inflation-adjusted real interest rates have climbed since 2020. He analyzed that higher real interest rates could "reflect future inflation movements that may be more dramatic than in the post-2010s financial tsunami period." Real Interest's so-called real interest rate refers to the nominal interest rate less the rate of price increase, while the nominal interest rate refers to the rate of return received by the money lender. The coupon rate of bonds such as corporate bonds, etc. This shift, coupled with the possibility that the world is entering a period of more frequent and longer supply-side shocks, undoubtedly poses a serious challenge to the global economy and central banks' policymaking. The Fed's framework review can be seen as a way to better equip itself to deal with these potential economic turmoil. Fed Governor Michael Barr said on the same day that the US economy is basically solid and inflation is moving towards the 2% target; However, supply chain disruptions caused by trade policies threaten to drag down growth and boost inflation. U.S. stocks diverged After Bauer said that he was planning to adjust the monetary policy framework, the trend of U.S. stocks diverged on the 15th. The S&P 500 rose 0.4%, rising for the fourth straight day, returning to the price level before the Trump trade war in March; However, the tech-heavy Nasdaq and Feiban closed in the dark, with Supermicro (AMD) down 2.3%, Huida (NVIDIA) and TSMC ADR slightly down 0.4% and 0.3%, respectively The Dow Jones Industrial Average rose 271.69 points, or 0.65%, to close at 42,322.75 The S&P 500 rose 24.35 points, or 0.41%, to close at 5,916.93 The Nasdaq fell 34.49 points, or 0.18%, to close at 19,112.32 The Philadelphia Semiconductor Index slipped 28.28 points, or 0.57%, to close at 4,932.45 bitcoin back above 103,000 In the cryptocurrency market, bitcoin (BTC) once fell to $101,500 yesterday, and began to rebound in the past 12 hours, writing the latest report of $103,720. Related reports Trump's 32% tariff on Taiwan "exempted semiconductors" TSMC ADR still fell more than 6% after hours, and $880 million in agricultural exports were urgent Moody's analysis: Trump's tariffs will kill "5.5 million jobs"; Coupled with the destruction of the US economy by AI, Trump threatened to increase Russian oil tariffs to Putin "very hot", and then threatened Iran to bomb if it did not reach a nuclear agreement "Ball: Real interest rates may remain "high" in the future, inflation fluctuates more violently, Bitcoin stands back to $103,000, S&P 500 returns to before Trump's tariff war" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".