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

🔥 Today, Jerome Powell stated: "The fight against inflation depends on the stability of long-term forecasts;" and added: "Avoiding prolonged inflation requires maintaining the stability of long-term inflation forecasts."

🔥 "We have begun to see the effects of tariffs… and expect more soon, while uncertainty peaked in April and then decreased.

🔥 My personal assessment is that Jerome Powell has actually been too late in lowering interest rates, and the reason for this is the tariffs and the economic uncertainty they left behind.