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The Fed is more focused on the risks of rise, while inflation expectation risks have been downplayed.
According to ChainCatcher news and Jin10 reports, Annex Wealth Management Chief Economist Brian Jacobsen stated that the Fed will not act as a "killjoy." Powell has shown an open attitude towards interpreting data, with rising downside risks in the labor market. Although there are still concerns about inflation expectations, he will not place this elusive inflation expectation risk above the known rise risks.