Recently, the Fed's monetary policy direction has become the focus of market attention. Although some institutions have already exited, there are still quite a few people who expect the Fed to possibly cut interest rates. However, we must recognize that the economic policy in the United States is not determined by a single entity, but requires a comprehensive consideration of various economic indicators.

Fed Chairman Powell is facing an important decision-making moment. His term is set to end in less than a year, which undoubtedly puts some pressure on him. As a high-level decision-maker, Powell naturally hopes to leave a positive policy mark during his term. However, he must also weigh the potential risks of a rate cut, especially when current economic data does not support a rate decrease.

If interest rates are forcibly cut without supporting economic indicators, it is likely to trigger more serious inflation, which will have long-term negative effects on the U.S. economy. As the chairman of the Fed, Powell bears the important responsibility of maintaining the stability of the U.S. economy, and it is unlikely that he will make decisions that go against economic laws to cater to certain political pressures.

It is noteworthy that the Fed, as an independent central bank, should make decisions based on objective economic data and long-term interests, rather than short-term political factors. Even though Powell is about to resign, the Fed still has considerable policy autonomy before his departure.

Overall, the Fed's interest rate policy will continue to be data-driven rather than subject to personal will. Market participants should view interest rate cut expectations rationally, focusing on economic fundamentals instead of overly relying on personal or political influences.