#PowellRemarks The Fed held rates steady—no surprises there. But Powell made one thing clear: inflation isn’t done with us yet. Thanks to new tariffs, especially on China and metals, we could see prices push higher. Consumers? They’ll feel it. Jobs are still growing, but not as fast. The economy’s cooling, and the Fed knows it. That’s why two rate cuts are likely before the year ends—maybe around September. Powell isn’t rushing. It’s a “wait and watch” game now. Every move will depend on how inflation and the labor market behave over the next few months. Caution is the new strategy.