I noticed an interesting thing regarding Powell's speech in early December at Stanford. The Federal Reserve Chair made a rather unusual move: during his speech, he completely avoided addressing economic and monetary policy topics. Nothing at all.

Powell's speech was therefore focused on other subjects, which left everyone wondering what this silence means. At a time when the U.S. economy is at the center of discussions and monetary strategies are constantly analyzed, Powell's choice not to comment is quite revealing.

I think it's one of those details that the market should not overlook. When a Fed Chair decides not to speak about the economy during an important public speech, it means something. Analysts and observers have been trying to decipher what’s behind this decision.

Nevertheless, Powell's speech remains an interesting signal to monitor, especially considering the broader context of current monetary policies. It's worth paying attention to these seemingly silent moves.