Allianz Investment: The Federal Reserve is expected to hold rates steady this week; Powell's remarks may attract more attention than the interest rate decision.

Michael Krutzberg, chief investment officer for public markets at Allianz Global Investors, said that with the exception of dovish Governor Milan, who may have objections, the Federal Reserve's decision to keep interest rates unchanged this week is expected to receive support from all other voting members. In a report, he noted that since this meeting will not update the summary of economic projections or the dot plot, market focus will shift to the extent to which Chairman Powell will respond to the current challenges to the Fed's independence posed by executive power. Krutzberg believes that Powell's comments on this issue at the press conference may have a greater impact on the market than the interest rate decision itself—especially any hints about whether he plans to remain on the board until 2028 after his term as chairman ends in May. (Jinshi)