Powell only gave a short speech tonight, only related to regulation, did not mention monetary policy throughout the process, and did not respond to rumors of resignation. What's even more interesting is that Bescent uncharacteristically expressed his support for Powell, saying that Powell had no reason to resign. This message is combined with Trump's speech yesterday: No one needs to explain this to me. I know better than anyone what is good for the market and what is good for the United States. With Trump's personality, he may feel that it is very shameful for outsiders to think that he is being manipulated, which does not match his image of being smart, wise, powerful, and able to defy the sky. How shrewd the old fox is Bescent, knows the truth of cold lips and teeth, it doesn't hurt to keep Master Bao for him, there are external enemies and internal unity, and he can take the opportunity to win trust and gain rights.