Federal Reserve Chair Jerome Powell on U.S. Economy's Solid Ground

In a recent statement, Federal Reserve Chair Jerome Powell highlighted the robustness of the United States economy, pointing to the latest nonfarm payrolls report as evidence of its solid performance. Despite acknowledging high levels of uncertainty, Powell emphasized that unemployment remains low, offering a positive outlook.

On Tariffs and Monetary Policy

Powell steered clear of the political debate surrounding the tariffs introduced by the Trump administration but noted their unexpected high levels. He expressed uncertainty about their future impact, stating, "I do not know where [they] will come to rest." Regarding monetary policy, Powell reassured that the Fed has the luxury of time to deliberate on the best course of action, indicating no rush to make immediate decisions.