🗣 Powell Remarks Shake Markets
In his recent address, Jerome Powell warned that near-term inflation risks are tilted upward, while risks to employment are facing downward pressure.
He also noted trade and tariff pressures are contributing to price pressures, suggesting the inflation spike may be “one-time” but acknowledging the path forward is uncertain.
Markets reacted cautiously — his tone was more dovish than hawkish, but didn’t guarantee aggressive easing.