In Case You Missed it…

Here are key points from Fed Chair, Jerome Powell’s testimony👇

▪️The Fed is taking a cautious, wait-and-see approach on cutting rates.

▪️New tariffs could increase inflation and slow down the economy.

▪️No clear indication of rate cuts anytime soon.

▪️The job market is still strong overall.

Inflation is cooling, but still higher than ideal.

▪️ Rate cuts will happen when appropriate; banks can participate in crypto; and inflation linked to tariffs could rise starting June.

Bottom line 👉 Powell isn’t ready to cut rates just yet.

#Trump