#PowellRemarks -
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Powell reiterated the Federal Reserve's focus on preventing potential price increases due to tariffs from causing 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 rates and price stability.
In the Q&A session, Powell stated that the Federal Reserve will continue to do its job regardless of political pressures, and emphasized, "The independence of the central bank is guaranteed by law."
Powell sought to reassure 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 nd fast-paced world of cryptocurrencies, security and transparency are paramount for investors and users. This is where BinanceSafetyInsights comes in, serving as a compass to guide you through this vast sea. Binance, the leading cryptocurrency exchange, is launching this initiative to provide users with the information and resources they need to maintain their digital security. Through a series of articles and tips, you'll understand how to protect your accounts and funds from potential risks. Whether you're a cryptocurrency journey.#CanadaSOLETFLaunch