Federal Reserve Chair Highlights Economic Strength

Federal Reserve Chair Jerome Powell emphasized the resilience of the U.S. economy in a recent statement, pointing to the latest nonfarm payrolls report as evidence of ongoing strength and low unemployment rates. Despite acknowledging high levels of uncertainty, Powell reassured that the Fed is not currently estimating the probability of a recession.

On Tariffs and Monetary Policy

Powell chose not to delve into the political debates surrounding the tariffs introduced by the Trump administration. However, he observed that these tariffs have exceeded most forecasts, leaving their final impact uncertain. Regarding monetary policy, Powell advocated for a measured approach, stating the Fed has the luxury of time to determine the most appropriate policy stance without haste.