🗽 #macro #FOMC

Press conference of Powell.

✔️ Inflation has significantly decreased, but the risks of its growth have increased due to tariffs.

✔️ The risks of rising unemployment have increased.

✔️ The economy is stable.

✔️ The decline in GDP in the first quarter occurred due to trade policy.

✔️ There is time to wait before making a decision on the rate.

✔️ The rate is at a good level.

✔️ The labor market is not a source of significant inflationary pressure.