🚨 I AM SUMMARIZING IMPORTANT PARTS OF POWELL'S SPEECHES FOR THOSE WHO MISSED THEM 👇

Powell stated in his remarks today that the Fed has balanced inflation without raising interest rates. However, inflation still remains slightly above the 2% target. This means that we have a longer way to go regarding inflation. In other words, even though balance has been achieved without raising interest rates, it is too early to say that inflation is fully under control.

Additionally, Powell expressed that the impact of tariffs has been felt more slowly than expected. This adds some uncertainty to the economic outlook. While the effects of tariffs on some consumer prices have begun to be seen, he stated that it is still too early to say anything definitive about how this process will unfold.

Lastly, Powell emphasized that economic growth has slowed down, which reflects a decrease in consumer spending. The unemployment rate remains quite low for now, but how this situation will evolve in the future is still uncertain. Expectations for interest rate cuts are also gradually decreasing, and the likelihood of a cut in September has fallen to below 50%.

So, what do you think about this? Is Powell following a correct strategy? 🤔