#PowellRemarks The statement "JUST IN: šŗšø Fed Chair Jerome Powell says US economy is solid despite uncertainty" means:
1. Jerome Powell, the head of the U.S. Federal Reserve (the central bank), is saying that:
2. The U.S. economy is performing well ā it's growing, jobs are stable, and consumer spending is strong.
ā¢ā¢Despite uncertainty, such as:
ā¢ā¢Global economic issues (like conflicts or slowdowns in other countries)
ā¢ā¢Inflation concerns
ā¢ā¢Interest rate decisions
ā¢ā¢Market volatility
3. Even with these unpredictable factors, Powell believes the foundation of the U.S. economy remains strong.
---> In short Terms: things are going well economically, even if there are some unknowns ahead.