Rumors of Powell's resignation are flying again! This fake news seems to circulate several times a year, yet some people still enjoy forwarding it relentlessly. It's truly frustrating.

The facts are clear - Powell has repeatedly stated publicly that he will serve his full term until May next year. The interest rates that needed to be lowered have already been lowered, so why suddenly throw in the towel at this critical moment? It doesn't make sense logically.

More importantly, Trump has already taken action on that front. The new chairman candidate has actually been predetermined, and when reporters asked if it was Hassert, old Trump intentionally kept it a secret: "I won't tell you." However, Hassert himself is quite proactive and has publicly expressed his willingness to take on this responsibility.

So the script is basically clear: a rate cut in December is a sure thing, and there is a high probability of three more cuts next year. The market is indeed a bit panicked right now, but these expectations will be digested sooner or later. The impact of interest rate hikes from Japan can also be managed.

Now is the stage of waiting for the bottoming out, just don't be misled by false information.