Fed Chair Optimistic About U.S. Economy

Federal Reserve Chair Jerome Powell expressed confidence in the U.S. economy's solid performance, citing the latest nonfarm payrolls report and low unemployment rates. Despite acknowledging high levels of uncertainty, Powell reassured that the Fed is not currently estimating the probability of a recession.

Political Discussions and Tariffs

While Powell chose not to delve into the political debates surrounding the Trump administration's tariffs, he noted that the current levies exceed most forecasts. The Fed Chair admitted uncertainty about where these tariffs will ultimately settle but emphasized the Fed's patient approach to monetary policy decisions.

Monetary Policy: No Rush to Decide

Powell underscored the Fed's position of not needing to hurry in adjusting its monetary policy stance. "We have time," he said, highlighting a cautious and measured approach to future policy changes.