🍿🗽 #macro #FOMC Powell’s press conference:

🍿🗽 #macro #FOMC Powell’s press conference:
– Inflation has fallen substantially, but upside risks have risen due to duties;
– Risks of rising unemployment have risen;
– The economy is resilient;
– GDP decline in the first quarter was due to trade policy;
– There is time to wait before making a rate decision;
– The rate is at a good level, – the labor market is not a source of significant inflationary pressure;
– Does not rule out the possibility that a rate cut may have to be postponed until 2026 because of a possible increase in inflation;
– There is a possibility of a rate cut this year;
– The President’s calls for a rate cut have no impact on our work.