Reported 2 days ago
In a recent press conference, Fed Chair Powell discussed inflation trends, emphasizing that while inflation forecasts are rising, the overall economic progress remains steady. Despite recent rate cuts and a cooling labor market, Powell warned of uncertainties ahead, particularly with potential tariff impacts from Trump's return. He reiterated the need for caution, stating that the economy is unwinding from previous shocks but still faces inflation challenges, suggesting a careful approach moving forward.
Source: YAHOO