Fed Chair Powell kept interest rates at 4.25–4.50%, again resisting pressure for cuts — stressing that inflation remains a concern and that the Fed will “watch the impact of tariffs this summer” #PowellRemarks . He described the economic outlook as “foggy,” noting growing uncertainty from tariffs, inflationary pressure, and geopolitical tensions — underscoring a cautious, data‑driven approach . Markets responded with heightened volatility: stocks erased early gains and treasury yields climbed, reflecting investor jitters . For risk assets like crypto and growth names, Powell’s tone signals that a prolonged period of higher rates may be ahead — a key pivot moment for asset‑allocation strategies. 📊