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TRUMP'S 'BIG ANNOUNCEMENT' IS MEDICARE DRUG PRICE PLAN Earth shattering” announcement 😂😂
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Some key highlights from Powell speech 🚨 Inflation has come down a great deal 🚨 Near-term inflation expectations have moved up 🚨 Tariffs so far significantly bigger than expected 🚨 Avoiding persistent inflation will depend on size, timing of tariffs, and inflation expectations 🔸 Time to wait before adjsuting policy 🔸 A great deal of uncertainty about tariffs 🔸 Will know more with each week and month where tariffs will land 🔸 Can’t say how long it will take 🚨 When things develop, we can move quickly if appropriate 🚨 I can’t confidently say I know the appropriate rate path 🚨 President’s calls for rate cuts don’t affect our job at all 🔸 My gut tells me that uncertainty is extremely elevated 🔸 Downside risks have increased 🔸 Don’t see big economic effects in the data yet from tariffs 🔸 People are worried, but shock hasn’t hit yet 🔸 Powell: Asked about March projections for two rate cuts, says can’t make a projection now, wait until June 🚨I’ve never asked for a meeting with President, would never do that 🔸 Powell: It hasn’t happened that the President wants to meet with me.
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Powell: if large increases in tariffs as announced are sustained, will see higher inflation, lower employment.
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FED LEAVES RATE UNCHANGED
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