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Last year, after the Bitcoin fell to 80,000, New York Fed President Williams, who triggered a V-reverse, came out to send a message: after Wash's previous forward-looking guidance was canceled, the trend gradually shifted to a bill-based distribution, with regional Fed chairs leaking alternative guidance. The advantage of this is a distributed responsibility—if something unexpected happens in the market, no one can be held responsible. However, this news is actually a rehash, sourced from last Friday's interview. Based on his past performance, he seems more like a bold and forward-looking officer, and Friday's speech was actually explaining why the FOMC was holding back this time. This approach is still the typical shift of shifting responsibility or decision-making power onto data, thereby shirking the Fed's responsibility in case market turmoil occurs. From Trump's perspective, ensuring a steady rise in the stock market before the entire midterm elections is definitely the best plan. In theory, all he can do is pause on Iran and tariff issues to reduce inflation. Since he had recently made quite a bit of money from Japan and South Korea, he had an economic foundation to temporarily calm down on oil and taxes. However, from a practical standpoint, tariffs are also one of the foundations of his governance, so they cannot be conceded. On the crude oil side, Iran will not give in, so in the end, it will depend on the most overseas harvest money to distribute welfare benefits and buy votes.