Key Highlights from Fed Chair Jerome Powell’s Remarks
1/ He avoided sensitive topics and declined to answer questions related to the DOJ investigation, as well as whether he plans to stay at the Fed until 2028 after his term as Chair ends in May.
2/ The Fed does not comment on the U.S. dollar and does not target exchange rates. Instead, it focuses on broader economic conditions such as inflation and employment.
3/ The entire committee supports keeping interest rates unchanged for now. For future decisions, the Fed will wait for new economic data before making judgments.
4/ Most of the inflation impact from tariffs has likely already been felt. Inflation is expected to return to the 2% target, assuming there are no additional rounds of tariffs.
5/ No one at the Fed is currently considering raising interest rates. That scenario is simply not on the table. 🕊
6/ When asked what advice he would give to his successor as Fed Chair, Powell said: “Stay out of politics.”
7/ He cautioned against reading too much into the recent rise in gold prices. While the Fed monitors precious metals, it does not view gold as a special signal for the broader macroeconomic outlook.
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