The Fed’s Quiet Pivot: Redefining the Structural Anchors of 2026 Powell just retired two major macro anxieties: Tariff Sunset: Reframing inflation from a structural menace to a time-bounded event ending by mid-2026. AI Buffer: Acknowledging "Jobless Efficiency" where AI protects margins, weakening the Phillips Curve. The Fed didn’t just change policy; it changed the framework. This clears the path for a mean-reversion catch-up in $BTC and $QQQ laggards.