BREAKING NEWS: FED Chairman Jerome Powell makes a statement! Here's what they had to say LIVE!

Fed Chairman Jerome Powell made interesting statements about the US economy in his speech at the Economic Club of Chicago, which was held in a planned manner today.

Here’s what Powell had to say:

• Current policy is in a good position and we will wait for clearer economic data before considering changing the policy stance.
• Despite increased uncertainty and ongoing downside risks, the U.S. economy remains “strong.”
• Employment is now near its highest, inflation is slightly above the 2% target, and inflation has fallen significantly.
• Economic growth in the first quarter of 2025 may slow compared to stable growth last year.
• Strong imports in the first quarter will drag down GDP growth.
• Business and household confidence fell sharply, and uncertainty reflecting concerns about trade policy increased.
• The labor market is robust and generally balanced, and there is currently no pressure on inflation.
• Personal consumption expenditures are expected to grow by 2.3% (PCE) and core PCE is expected to grow by 2.6% in the 12 months ending in March.
• Government policies are still being adjusted, and the associated effects remain highly unclear.
• Tariffs, which are much higher than expected so far, could mean higher inflation and slower economic growth.
• The inflationary effect of tariffs may be more persistent and ultimately depends on the market’s inflation expectations.
• Our responsibility is to keep long-term inflation expectations intact.
• We may be faced with a difficult situation, such as a contradiction between a dual goal. In such a case, we will assess how far the economy is from our various goals and the potential timeframe to close those gaps.

(Açıklamalar will be updated as they are added.)