🔸 Jerome Powell's statements indicate that the Federal Reserve will not rush to lower interest rates as long as expected inflation remains high.

🔥 Jerome Powell stated today: "Confronting inflation depends on stabilizing long-term expectations;" and he added, "Avoiding persistent inflation requires maintaining stable long-term inflation expectations."

🔥 "We are beginning to see the effects of tariffs... and we expect more soon, and uncertainty peaked in April and then declined.

🔥 My personal assessment is that Jerome Powell has indeed delayed too long in lowering interest rates, and the reason for this is the tariffs and the economic uncertainty they have caused.