#PowellRemarks Sure! Here's a brief summary in English:

Powell Remarks – April 16, 2025 (Chicago Economic Club)

Tariffs Impact: Powell noted that recent tariffs were larger than expected, potentially causing a temporary rise in inflation and slowing economic growth.

Monetary Policy Stance: The Fed will hold off on changing interest rates until there's more clarity on how these tariffs affect the economy.

Dual Mandate Challenge: Higher inflation and rising unemployment could make it harder for the Fed to balance its goals of price stability and full employment.

Market Reaction: U.S. stock markets dropped (S&P 500 fell 2.8%) as investors worried about persistent inflation and slower growth.

No Market Backstop: Powell denied any implicit "guarantee" to support markets, suggesting the Fed won't intervene unless serious disruptions occur.