#PowellRemarks

Jerome Powell's speech at Economic club Chicago-

Key Takeaways :

1-Tarriffs are fuelling more inflation than expected leading to higher prices & slow growth .

2- inflation has eased but progress towards the 2% target has stalled .

3-Labour market is strong but rising risk may force tough Fed decisions.

US President is not happy with Powells work ,

Mr Trump has said,"Thr ECB is expected to cut the interest rate for the 7th time & 'yet too late ' Jerome Powell of Fed who is always "too late & wrong "yesterday issued a report which was another typical & completely mess .oil prices are down , groceries even eggs are down & the USA is getting rich on tariffs .too should have lowered the interest rate like the ECB ago ,but he should certainly lower them now , Powell's termination cannot come fast enough "

perhaps ,if Powell doesn't cut rate by June he has gonna be fired !