Summary of Jerome Powell's remarks at the press conference:
• The economy remains strong;
• Inflation expectations have risen due to tariff concerns;
• If the labor market weakens, we could ease policy;
• If the economy continues to stay strong, we might maintain a restrictive policy for longer;
• Uncertainty surrounding policy changes and their economic impacts is high;
• A significant portion of the inflation increase is specifically tied to tariffs;
• The likelihood of a recession has increased slightly, but it remains low.
