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Powell: There will be significant fiscal legislation as well as regulatory changes, planning to complete the entire term

BlockBeats News, April 5th, Federal Reserve Chair Powell said in his keynote address on the economic outlook: Feels like the Fed doesn't need to act in a hurry. I plan to complete the entire term and actually enjoy this job very much. There will be important fiscal legislation and regulatory changes, and many companies have stated that they are waiting for clear guidance to make decisions. (Xinhua News Agency)

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Federal Reserve Chairman Powell is facing a serious policy dilemma: under immense government debt and political pressure, the Fed has had to abandon its independence and anti-inflation stance. Instead, it has resorted to measures like quantitative easing to finance the government, creating a situation of "fiscal dominance" similar to the Volcker era of the 1970s. This foreshadows the Fed's need to reinitiate loose monetary policy, which could potentially drive up the prices of assets like Bitcoin.
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