🎙️ Summary of Jerome Powell's Speech – July 1, 2025 🇺🇸
1. 📉 Delay in Interest Rate Cut Due to Tariffs
Powell indicated that the tariffs imposed by Trump raised inflation expectations, prompting the Fed to postpone any near-term interest rate cuts.
2. ⏳ "Wait and See" Policy
He confirmed that interest rate decisions will be made only based on incoming data such as inflation and the labor market.
3. 📆 Possible Rate Cut in July?
He did not close the door on an interest rate cut at the late July meeting, but linked it to the release of new data this month.
4. 🛡️ Independence of the Fed
He emphasized that the central bank makes its decisions free from political pressures, focusing on price stability and supporting employment.
5. 📊 Cautious Optimism
He noted that inflation is gradually declining (around 2.3%–2.4%) and the labor market remains strong, supporting a forthcoming "measured" rate cut.
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📌 Conclusion: Powell sent a clear message to the markets – no rush, but the door is open 👀. Tariffs are a temporary hurdle, and the upcoming data will determine the decision 🎯.
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