🔥 Powell's statements worry the markets! 🔥
• Federal Reserve Chairman, Jerome Powell, issued a clear warning filled with predictions:
⬅️ 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 trajectory!
• Powell confirms that the Fed is not backing down from its steadfast goal: inflation at just 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 put pressure on inflation and raise it!
• At the same time, Trump is calling on the Fed to cut rates this morning, making things worse!