According to CoinMeta, analyst Chris Antie said that Powell successfully stabilized the market. Given that there were concerns of a repeat of the July scenario—when the Federal Reserve kept interest rates unchanged despite high inflation, and Powell failed to explain the policymakers' logic, leading to a significant market decline—today's situation is quite different. The statement released this time indeed provided an explanation, stating that officials need more information to help determine the appropriate stance in order to bring inflation rates down to 2%. Powell also emphasized this point further during the briefing, which seems to have been sufficient to stabilize investors.