Powell made remarks about tariffs today!!

Powell pointed out that the United States is currently facing a highly uncertain outlook, with increasing risks of rising unemployment and inflation rates. This could impact the Federal Reserve's dual mandate of achieving a 2% inflation target and maximum employment. He warned that the effects of tariffs could be more enduring, and the Fed's responsibility is to ensure that one-time price increases do not evolve into a persistent inflation problem.

Meanwhile, President Trump publicly urged Powell on social media to cut interest rates immediately, claiming that now is the perfect time for the Fed to reduce rates and demanding to 'stop playing politics.' Trump criticized Powell for always being 'late' but indicated that he now has the opportunity to change his image.

Powell, during the event, talked about why he always wears a purple tie, stating, 'We strictly adhere to non-political principles; I cannot emphasize this enough' and added, 'So purple is the appropriate color for this occasion.' In the United States, red is often associated with the Republican Party, blue represents the Democratic Party, and purple symbolizes political neutrality.$BTC $ETH $BNB #加密市场回调 #鲍威尔发言