Powell Holds the Line: No Rate Cuts Yet
Fed Chair Jerome Powell signals caution as inflation pressures linger and growth shows signs of cooling. Speaking at the Economic Club of Chicago, Powell stressed the need for clarity on the impact of tariffs before making any policy moves.
Key Takeaways:
No rate cuts on the table (for now)
Tariffs are fueling inflation concerns
Markets slump as Fed rejects a "rescue" pivot
Focus remains on price stability and employment
Translation: The Fed is not your safety net—not until inflation is tamed.
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