Bank of America: Powell may extend an olive branch on interest rate issue.

An analyst at a US bank pointed out that the power struggle between US President Trump and Federal Reserve Chairman Powell on the issue of interest rate cuts will be the focus of the Federal Reserve's interest rate meeting, but the market may see some positive news. Despite the expectation that Powell will reiterate the independence of the Federal Reserve and keep interest rates unchanged, he may also release a "dovish signal" - if inflation meets expectations, it will open the policy window for rate cuts. Analysts warn that an escalation of the trade war leading to inflation panic may disrupt the pace of rate cuts, but as long as the economy continues to cool down, the Federal Reserve will still embark on an easing cycle.