📢 Powell spoke, a bit clear and a bit cautious:
▫️ “Inflation is not doing badly, excluding tariffs. It's behaving as we expected.”
▫️ “But it may stay a bit high throughout the summer, be prepared.”
▫️ “The US economy is generally in very good shape.”
▫️ “So far, we haven't fully seen the effect of tariffs, but since we know the magnitude, we are waiting for now.”
▫️ “The most logical thing is to wait and see a bit more data.”
▫️ “The majority at the Fed thinks there will be a rate cut towards the end of the year.”
🧐 Finally, in response to the question about his position;
▫️ “I have nothing to tell you about whether I will stay in my position or not.”