Key highlights from the Powell speech 👇
🔸 POWELL: WELL POSITIONED TO WAIT FOR GREATER CLARITY BEFORE CONSIDERING ANY CHANGES TO POLICY STANCE (Rate Cut he means)
🔸 POWELL: SO FAR LARGER-THAN-EXPECTED TARIFFS LIKELY MEAN HIGHER INFLATION, SLOWER GROWTH
🔸 POWELL: ECONOMIC IMPACT OF TARIFFS LIKELY LARGER THAN EXPECTED
🔸 POWELL: EFFECTS OF POLICY WILL LIKELY MOVE THE FED AWAY FROM ITS GOALS
🔸 POWELL: THE TARIFF SHOCK PUSHES TOWARD HIGHER UNEMPLOYMENT, HIGHER INFLATION
🔸 VOLATILITY CONTINUES
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