According to CoinMeta, former Federal Reserve Vice Chair Alan Blinder stated that now is an "excellent time" for Federal Reserve Chairman Jerome Powell to use forward guidance. The market is closely watching the press conference that Powell will hold later. Some economists expect that Powell may adopt a "hawkish pause" strategy. Blinder pointed out that the so-called "hawkish pause" can only be reflected through "forward guidance"; if there is no action at all, then it would be nothing more than standing still. He emphasized that the Federal Reserve is faced with a "dilemma" in this decision-making, as policymakers can provide sufficient reasons for either keeping interest rates unchanged or raising them. Blinder believes that this "dilemma" is of Powell's own making, as he has previously downplayed the role of forward guidance.