#PowellRemarks Uncertainty is back in focus—and the Fed knows it.

As new U.S. tariffs affect global markets, Fed Chair Jerome Powell has a clear message: the central bank is paying attention but staying calm. The new trade rules are “bigger than expected,” Powell said, and could raise prices and slow growth. Behind the scenes, the Fed is already planning for possible trade wars, showing they’re getting ready for trouble.

Still, Powell stays cautious. He noted that while prices might rise briefly, the effects could fade unless bigger changes happen. With inflation expectations stable and the job market balanced, the Fed is keeping rates steady for now, taking a flexible “wait-and-see” approach.

Bottom line: In a shaky trade environment, the Fed is staying calm, watching the data, and ready to act—but only when needed.