Wow! Powell is really tough! It seems unlikely to lower interest rates in September.

Powell said: It's still too early to say how tariffs will affect prices.

Tariffs have already started to change the prices we pay for goods.

The price increase data released later is expected to show more clearly the impact of tariffs.

The effect of tariffs making things more expensive might be slower than we previously thought.

In simple terms, the U.S. central bank (the Federal Reserve) does not intend to raise interest rates to address price increases caused by tariffs.

He believes that the economic policies introduced by the government, such as U.S. tax laws, have not stimulated the economy effectively.

Additionally, the central bank does not consider the interest cost of government borrowing when making decisions.