🇺🇸👀 #macro Powell:
– US economy strong despite heightened uncertainty and downside risks;
– Higher-than-expected duties could raise inflation;
– The impact of duties on the economy may be larger than expected;
– No rush to cut rates
– Policy implications are likely to move the Fed away from its goals by the end of the year;
– We may be able to resume easing policy next year.
* This article was originally published here