#PowellRemarks

Every appearance of Jerome Powell is like a separate chapter in a real-time economics textbook. His words can make the markets shudder and traders hold their breath. Today's remarks, though restrained, clearly hint: interest rates are likely to remain high longer than expected. This is not the best news for borrowers, but it gives a boost to the dollar and supports cautious optimism among inflation fighters. Powell doesn't say too much — and that's what is most frightening. The tone is cold, analytical, but in every phrase, a strategy is read. Time will tell if it is correct. For now, we observe and count the steps.