Powell was interviewed on NBC Today at 07:05 New York time on March 26th. After Powell's speech began, the short-term volatility of the dollar index DXY was not big for the time being.

Powell said that there is nothing wrong with the fundamentals of the US economy, the Fed has not yet run out of ammunition, and there is still plenty of policy space:

• Financial support is limited to Fed lending. The Fed is committed to supporting the flow of economic credit. In terms of efficiency, every $1 of financial guarantee is equivalent to $10 of loans. Mortgages and car loans are areas that the Fed can cover.

• The current situation is not typical of the economic downturn. Be prepared to enter any area that lacks mobility. The Fed's actions are not expected to pose a long-term inflation risk.

• We are not going to run out of ammunition, the Fed still has policy room, and the ammunition has not been used up.

Powell also repeatedly stressed on the program that the top priority is to control the virus, and once the epidemic is brought under control, the US economy will rebound quickly:

• Once the virus is under control, confidence will be restored and the economy will rebound well. The virus situation will determine when the economy will restart, and the top priority now is to control novel coronavirus.

• The sooner the virus is contained, the sooner the economy can recover. Economic recovery is expected in the second half of the year, depending on the development of the epidemic. There are no fundamental problems in the US economy, and the Fed's actions are not expected to pose a long-term inflation risk.

Finally, Powell said that the Fed will be fully focused on serving the American people, temporarily suspending some economic activity in the public interest.