Reported about 14 hours ago
Federal Reserve Chair Jerome Powell downplayed escalating economic risks and suggested that the inflationary effects of tariffs from the trade war are likely temporary. Speaking after the Fed's recent meeting, he acknowledged the importance of inflation expectations but emphasized confidence in the economy's overall strength, despite mixed consumer sentiment data. His remarks calmed financial markets, but also raised concerns about the Fed's credibility regarding inflation control amid potential risks.
Source: YAHOO