#PowellRemarks
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.Powell reiterated the Federal Reserve's focus on preventing potential price increases due to tariffs from igniting a more sustained rise in inflation.
Powell said, "We are committed to keeping long-term inflation expectations stable and ensuring that the one-time increase in price levels does not turn into a persistent inflation problem."
The Federal Reserve Chair confirmed that policymakers will balance their dual responsibilities of promoting maximum employment and price stability.
In the Q&A session, Powell stated that the Federal Reserve will continue to fulfill its role regardless of political pressures, affirming: "The independence of the central bank is guaranteed by law."
Powell sought to ease concerns by describing the markets as functioning efficiently and orderly; while he was speaking, selling pressures on stocks continued and bond prices rose. The S&P 500 index fell by 2.2%, and the Nasdaq 100 index declined by
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