#PowellRemarks ​

Federal Reserve Chair Jerome Powell delivered remarks on April 4, 2025, addressing the economic implications of newly imposed tariffs by the Trump administration. He indicated that these tariffs are "larger than expected" and are likely to result in higher inflation and slower economic growth. Powell emphasized the Federal Reserve's commitment to anchoring long-term inflation expectations and stated that the Fed would await more data before adjusting monetary policy. ​Investor's Business Daily+3PBS: Public Broadcasting Service+3Reuters+3Reuters+1New York Post+1ElHuffPost+2New York Post+2Reuters+2

In response to Powell's comments, financial markets experienced significant declines, with the S&P 500 dropping 4.2%. Despite this market volatility, Powell maintained that the U.S. economy remains fundamentally strong, particularly highlighting the resilience of the labor market. ​AxiosNew York Post+1Investor's Business Daily+1

For a more comprehensive understanding of Chair Powell's remarks, you can watch his full speech.