🇺🇸 FED CHAIRMAN JEROME POWELL JUST SAID
– ECONOMIC IMPACT OF TARIFFS LIKELY LARGER THAN EXPECTED, MUST ENSURE PRICE HIKES DON’T LEAD TO ONGOING INFLATION
– TARIFFS LIKELY TO RAISE INFLATION IN COMING QUARTERS. POSSIBLE TARIFFS COULD HAVE PERSISTENT INFLATION IMPACT
— Evan (@StockMKTNewz) April 4, 2025
SUMMARY OF FED CHAIR POWELL'S COMMENTS:
1. Tariffs are bigger than expected and risk higher inflation, slower growth
2. "Too soon" to determine appropriate policy path
3. Fed well-positioned to "wait for greater clarity"
4. Tariffs could have a persistent inflation impact
5.…
— The Kobeissi Letter (@KobeissiLetter) April 4, 2025
Here we are mid-day on Friday. Powell's giving his speech and basically saying he doesn't know what's going on, so he will wait and see if something explodes. Then he will get in his time machine and unwind all of the global margin calls.
The jobs report was stronger than… pic.twitter.com/HLlU9b2atW
— Mac10 (@SuburbanDrone) April 4, 2025