🇺🇸 Powell’s Latest Speech – Key Points (June FOMC)
🔸 Inflation Update: Powell said short-term inflation expectations have increased, mainly because of tariffs.
🔸 Long-Term View: Most long-term inflation measures are still in line with the Fed’s 2% goal.
🔸 Rate Cuts Coming? Powell hinted rate cuts are likely in the future — but not just yet.
🔸 Wait-and-Watch Mode: He believes it's better to wait a few more months to fully understand the impact of inflation before making any policy changes.
🔸 Inflation Ahead: The Fed expects more inflation in the coming months.
🔸 Labor Market: Unemployment is stable because labor supply and demand are balanced.
🔸 Fed Communication: Any change in how the Fed communicates will only be done if it’s widely supported and makes things clearer.
🔸 Powell's Future: He didn’t confirm if he’ll stay with the Fed after his current term ends.
