The president of the Federal Reserve, Jerome Powell, made it clear that while inflation in the U.S. shows signs of slowing, it remains above the 2% target. Among the highlights:
• Inflation remains a key concern, especially following new trade tariffs.
• The Fed sees risks of both a new surge in inflation and an increase in unemployment.
• Monetary policy will continue to depend on data and will not be influenced by political pressures (not even from Trump).
The Fed maintains a cautious stance. Without rate cuts in the short term, the market will have to get used to a high-rate environment for longer.
