🇺🇸 JUST IN: Highlights from Jerome Powell’s FOMC Press Conference
– Inflation is still running above the Fed’s target
– The Fed remains focused on its dual mandate of price stability and maximum employment
– Recent data indicates a slowdown in economic growth
– The current policy stance gives the Fed room to adjust as needed
– Tariffs have increased inflation on select goods, but the overall impact is still uncertain
– No decisions have been made yet about the September meeting