#PowellRemarks Federal Reserve Chair Jerome Powell addressed the economic outlook following President Trump's unexpected tariff announcement. He emphasized that the tariffs are larger than anticipated, likely leading to higher inflation and slower growth 📉. While inflation risks loom, Powell assured that the Fed will act cautiously to avoid turning temporary price hikes into persistent inflation 🔍.

Despite Trump’s push for rate cuts, Powell made it clear that the Fed prefers to wait for more definitive data before adjusting interest rates ⚖️. His tone suggested a measured and data-dependent approach.

Meanwhile, the S&P 500 dropped 4.2% as markets reacted nervously to trade tensions and the Fed’s stance 📊. On the bright side, the March jobs report showed strong hiring (+228,000 jobs) and stable wage growth, indicating resilience in the labor market 💼.

Key Takeaways:

Tariffs are expected to fuel inflation and slow growth 🚫📈

Fed remains cautious about rate changes 🧠

Markets respond with significant volatility 📉

Labor market shows continued strength 💪

#Economy #FederalReserve #JeromePowell #InterestRates #USMarkets