⚡ **Jerome Powell (head of the **#FED**):**__(part 3)__
❗️ Trump’s calls for rate cuts have no impact on Fed operations.
✔️ My intuition tells me economic uncertainty is extremely high.
✔️ I cannot predict the right path.
✔️ Risks of rising unemployment and inflation have increased, but this isn’t yet reflected in the macro data.
✔️ The economy is in good shape. Fed policy isn’t overly restrictive.
✔️ Businesses and households are worried about the economic outlook and are delaying decisions.
✔️ We are monitoring macro data very closely.
✔️ We don’t see significant evidence of an economic slowdown in the macro data.
✔️ In hindsight, we could have tapered quantitative easing (#QE) earlier or faster (turned off the printing press).
❗️ It’s currently impossible to forecast the number of rate cuts this year. We’ll wait until June.
✔️ Depending on how events unfold, we may cut rates or keep them at the current level.
✔️ Macro data could shift in ways that support achieving one Fed goal or another.
✔️ US government debt is on an unsustainable trajectory.
```