The post BREAKING: Fed Chair Jerome Powell is Delivering Critical Remarks Live Following Interest Rate Decision – LIVE appeared on BitcoinEthereumNews.com.

After the FED left interest rates unchanged, FED Chairman Jerome Powell made critical statements at a live press conference. Here are the most important excerpts from what Powell said: The economy is in solid shape. Inflation continued to run slightly above targets. The current policy stance places us in a favorable position. Unusual fluctuations in net exports make the calculation of GDP more complicated. Inflation has declined but is still above targets. It is not yet clear how market sentiment will affect spending. Concerns over trade policy have dampened market sentiment. The unemployment rate remains within a narrow range and at low levels. Labor market conditions remain strong. Many indicators show the economy is near maximum employment. The overall personal consumer expenditures index is expected to increase by 2.3% and the core index by 2.6% in May. Inflation expectations have risen recently, and this is mainly due to customs duties. Most long-term inflation indicators are in line with the target. There is still uncertainty about changes in trade policy and fiscal policy. The labor market appears balanced and not a source of inflationary pressure. The impact of customs duties will depend on their level. Raising customs duties this year could weigh on economic activity and push up inflation. Avoiding persistent inflation ultimately depends on keeping long-term inflation expectations stable. The impact of customs duties on inflation may be longer lasting. There may be some tension between dual mission objectives. The current conditions are favorable and we can make the necessary adjustments once we have more information. The Fed will work hard to prevent one-time inflation from turning into a deep-rooted situation. There is uncertainty in the FOMC policymakers’ forecasts, and that uncertainty is extraordinarily high. Commodity prices have increased slightly recently and this trend is expected to continue during the…

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Filed under: News - @ June 18, 2025 11:29 pm