According to CoinMeta, the chairman of the board, Eckhard Schulte, stated in a report that Federal Reserve Chairman Jerome Powell avoided providing any form of forward-looking guidance, making it extremely difficult for the market to form a coherent analysis of Fed policy. The market will have to adapt to this communication style, and the resulting high uncertainty could weigh on the stock market, long-term bonds, and the US dollar. Powell made it clear that the Fed is serious about its 2% inflation target and intends to achieve it, but he did not provide a coherent explanation as to why the Fed did not heed the opinions of the three dissenting members who advocated for interest rate hikes.