Key Takeaways from Fed Chair Powell’s Testimony 🏛️
▫️ The Fed remains cautious — no rush to cut rates, sticking with a "wait and see" stance
▫️ Tariffs could push inflation higher and slow down growth
▫️ No clear timeline or hint on future rate cuts
▫️ Labor market remains strong and steady
▫️ Inflation is easing but still “somewhat elevated”
➡️ Bottom line: Powell offers no signal of upcoming rate cuts in his prepared remarks. 😐