Powell basically said three things yesterday, don't get confused by all the bureaucratic jargon. Let me translate it into the most straightforward terms for you——
First, the economy hasn't collapsed yet, no rush to rescue it.
It's simple: America can still hang on right now, unemployment hasn't exploded, consumption is still going, and businesses haven't given up.
So you're expecting him to immediately cut rates to "save the market"? Sorry, not necessary.
Second, inflation is still causing trouble, can't control it.
Inflation expectations are being adjusted upward this year, oil prices, tariff
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