U.S. Economy Shows Resilience According to Latest Data

Federal Reserve Chair Jerome Powell highlighted the robustness of the United States economy in a recent statement, pointing to the nonfarm payrolls report as a key indicator of its solid performance. Despite acknowledging high levels of uncertainty, Powell emphasized that unemployment rates remain encouragingly low.

Powell on Tariffs and Monetary Policy

While steering clear of the political fray surrounding the Trump administration's tariffs, Powell noted their unexpected height and the uncertainty of their final impact. On the topic of monetary policy, he reassured that the Federal Reserve has the luxury of time to deliberate on its next moves, indicating no rush to alter the current stance.