Watch Live: Fed Chair Powell On The State Of The Economy | ZeroHedge
Update (1330ET): Key highlights from Powell's prepared remarks:
Powell again stressed the central bank's focus on preventing potential tariff-driven price hikes from triggering a more persistent rise in inflation.
Powell added that policymakers would balance their dual responsibilities of fostering maximum employment and stable prices, “keeping in mind that, without price stability, we cannot achieve the long periods of strong labor market conditions that benefit all (more…)