🇺🇸👀 #macro Powell – Key Remarks:

- Inflation remains above target (2%), especially due to recent tariffs.

- Tariffs could have a more persistent impact on inflation and economic activity.

- Short-term inflation is expected to rise over the summer, driven by goods prices.

- Labor market remains stable; no signs of weakness requiring immediate rate cuts.

- Fed policy is moderately restrictive, and the current stance allows flexibility.

- No urgency to cut rates — the Fed prefers to wait for more data before acting.

- Rate cut decisions will depend on real economic data, not forecasts.

- Fed is open to adjusting rates later, but sees no strong case for a move now.