#PowellRemarks Jerome Powell, the Federal Reserve Chair, recently spoke at the annual conference for the Society for Advancing Business Editing and Writing. He expressed concerns that Trump's tariffs could lead to higher inflation and slower economic growth. Powell emphasized that the Fed is cautious and will wait for more data before making any policy adjustments ¹.

Some key points from his speech include:

- *Tariffs and Inflation*: Powell believes tariffs will likely increase inflation in the coming quarters, potentially leading to more persistent effects.

- *Economic Growth*: The Fed Chair noted that the economy is showing solid growth, but the labor market and inflation are closely being monitored.

- *Monetary Policy*: Powell stated that the Fed is well-positioned to wait for greater clarity before considering policy adjustments, emphasizing the importance of data-driven decisions.

- *Market Reaction*: The US Dollar held its ground following Powell's remarks, with the USD Index up 0.7% on the day.

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