Powell's statements worry the markets!
The Chairman of the Federal Reserve, Jerome Powell, issued a clear and expectation-filled warning:
The majority believe that a rate cut will be a suitable option later this year... but
The fate of interest rates is entirely dependent on the upcoming economic path!
Powell confirms that the Fed will not waver from its steady goal: inflation at only 2%!
•However, there is a lot of uncertainty... policymakers will remain on alert until the implications of tariffs on prices become clear.
These tariffs will pressure inflation and raise it!
At the same time, Trump is calling on the Fed to cut rates this morning, worsening the situation!
