#PowellRemarks Jerome Powell, Chair of the Federal Reserve (The Fed), recently made comments that caught the attention of the financial markets. Here are some key points from Powell's statement ¹:

- *Impact of Tariffs on Inflation*: Powell noted that tariff increases are likely to drive up prices and worsen inflation. He emphasized that the costs of tariffs will be passed on to the end consumers.

- *Interest Rates*: Powell also discussed interest rates, and although The Fed is maintaining current interest rates, Powell warned that the impact of tariffs could prolong the time needed to reach inflation targets.

- *Future of the Economy*: Powell stated that The Fed will continue to monitor economic and inflation data before making the next monetary policy decision. He also declined to say whether he would remain in office after his term ends.

Powell's statement caused a reaction in the financial markets, with the S&P 500 experiencing a decline following his comments on inflation and tariffs. Powell seems to be taking a cautious approach, waiting for further evidence before making policy decisions ¹.