Powell: The Fed is waiting for clarity. What about the markets?
Fed Chair Jerome Powell stated that interest rates will remain unchanged until it becomes clear how tariffs will affect inflation and economic growth.
The stock market declined, the dollar weakened, and bond yields fell. Powell made it clear: there will be no support for the market — no "Fed put".
Investors are cautious: trade tariffs could boost inflation and slow down economic recovery. The Fed will take a wait-and-see approach.
