That's why I keep encouraging we young ones to looking for more and different ways of source of income,if you have 2-3 types of income no matter the economy pressure you will sur

#PowellRemarks In his recent remarks, Federal Reserve Chair Jerome Powell indicated the central bank is in a "wait-and-see" mode regarding interest rate adjustments, especially in light of potential inflationary pressures from tariffs. Powell stressed the importance of well-anchored inflation expectations and avoiding a situation where a temporary price increase becomes a persistent problem. He also emphasized the Fed's dual mandate of maximum employment and stable prices, suggesting a cautious approach before making any significant policy changes. 

Key takeaways from Powell's remarks:

Focus on Anchoring Inflation Expectations:

Powell reiterated the Fed's commitment to keeping long-term inflation expectations well-anchored, meaning they want to prevent a potential rise in prices from becoming a lasting issue. 

Potential for Inflation from Tariffs:

He acknowledged that tariffs are likely to cause a temporary rise in inflation, potentially leading to a more challenging economic scenario. 

Cautious Approach to Rate Adjustments:

Powell indicated that the bar for cutting interest rates is high, suggesting the Fed will need tangible evidence of a weakening labor market before taking action. 

Importance of Data and the Evolving Outlook:

The Fed will continue to analyze incoming data and the evolving economic outlook to guide their policy decisions. 

Dual Mandate:

Powell reminded the public that the Fed is committed to both maximizing employment and maintaining stable prices. 

Maintaining Independence:

Powell clarified that the Fed's independence is a matter of law, and the central bank will continue to make decisions based on economic data, regardless of political pressures. 

Functional and Orderly Markets:

Powell sought to reassure markets that they are functioning and orderly, despite ongoing sell-offs in the stock market. 

Wait-and-See Approach:

The Fed is likely to wait for more clarity on the economic impact of tariffs and other policies before considering any adjustments to monetary policy.