#TrumpVsPowell Summary of the Fed Chairman's speech in Chicago

Positive:

- The U.S. economy remains strong despite the unstable situation

- The labor market is solid, not causing inflation

- The Fed prioritizes its main task of keeping inflation expectations stable

- Crypto is becoming increasingly popular, a legal framework for stablecoins is needed

- The bank will loosen regulations on crypto, legal framework will be similar to 2020

- Ready to inject money into central banks if there is a shortage

Negative:

- Higher than expected taxes could lead to high inflation and hinder growth

- Disruptions in the automotive industry could cause prolonged inflation

- May fall into a scenario where employment & price stability conflict with each other

- The Fed will wait for "clarity" before changing policy