JUST IN: Fed Chair Jerome Powell is live... and markets are shaking▾
1 Growth slowed in Q1 2025 despite a "solid" economy
2 Surprise tariffs could spike inflation + stall growth
3 Fed will "wait for clarity" before policy changes
4 Powell: US federal debt is on an unsustainable path
5 Warns: "We are now running crisis-level deficits at full employment"
Markets reacting in real-time and it's not pretty
