๐จ FED UPDATE: Powell Speaks on Inflation & Policy Outlook ๐บ๐ธ๐ฌ
Federal Reserve Chair Jerome Powell stated that the main debate among policymakers centers on the future economic outlook. ๐ฆ๐
๐ Key Highlights:
๐ต Core PCE inflation (excluding tariffs) expected around 2.3%โ2.4%.
๐ฏ Inflation not far from the 2% target โ signaling steady progress.
โ๏ธ Tariffs wonโt cause a one-time inflation shock.
๐งญ The Fed sees monetary policy as slightly tight but remains firmly committed to restoring inflation to 2%.
Overall, Powellโs comments reflect a cautious yet optimistic stance โ inflation is easing, but the Fed is not ready to pivot just yet. ๐ผ๐