Powell said the Fed would continue to "work quietly" and was committed to maintaining its independence. In addition, there is still uncertainty about the impact of the new administration on monetary policy. Could a rate cut in March be a bit hanging in the balance?
According to The Hill, US President Joe Biden is preparing to leave the White House in a low-key manner. His public appearances after the election attracted little media attention. On the contrary, Trump was already in office even before his second inauguration.