#PowellRemarks recently focused on the economic impact of newly imposed tariffs by the Trump administration. Federal Reserve Chair Jerome Powell warned that these tariffs are larger than expected and could lead to higher inflation and slower economic growth. He acknowledged the increased uncertainty in the economic outlook and emphasized a cautious, data-driven approach from the Fed. Powell dismissed the idea of immediate rate cuts, despite political pressure, stating that the central bank would wait to assess the full impact. He reaffirmed the Fed's commitment to balancing inflation and employment, while markets reacted negatively to the uncertainty and rising recession fears.