#PowellRemarks

Jerome Powell, Chair of the Federal Reserve, recently discussed the prospects of the US economy and monetary policy. Here are some key points from his remarks:

- *US Economy*: Still in a solid position despite high uncertainty and risks of a downturn. Economic growth is expected to slow.

- *Inflation*: Has decreased significantly, but still above the 2% target. Higher tariffs could trigger further inflation.

- *Tariffs and Their Impact*: Powell warned that higher tariffs could slow down economic growth and increase inflation.

- *Monetary Policy*: The Fed will continue to monitor economic data and adjust monetary policy accordingly.

In a discussion with Raghuram Rajan, Powell also talked about ¹:

- *Labor Market*: Still strong, with stable job growth and low unemployment rates.

- *Uncertainty*: The US economy faces high uncertainty regarding trade and fiscal policy.

- *Impact of Uncertainty*: Could slow down investment and economic growth.