A brief summary of the key statements by Fed Chair Jerome Powell this morning (May 8, 2025):
🔹 keeping interest rates unchanged
The Fed continues to keep interest rates at 4.25%-4.5% and is not in a hurry to cut.
🔹 The US economy remains strong
Powell assesses growth as stable, unemployment low, but inflation remains a concern.
🔹 Concerns about new tariffs
New tariff levels could cause inflation to rise and growth to slow down.
🔹 Cautious with policy
The Fed will closely monitor data before making the next decision.
🔹 Positive market reaction
The Dow Jones rose more than 280 points after his remarks.