Fed Chair Jerome Powell Signals No Immediate Policy Changes Amid Inflation Concerns
Investors seeking a dovish shift from the Fed will need to wait. Fed Chair Jerome Powell stated that the Fed is positioned to await greater clarity before adjusting policy. He emphasized that it is premature to determine the appropriate monetary policy path.
- Powell acknowledged new tariffs are "significantly larger" than expected.
- He aims to prevent temporary inflation increases from becoming persistent.
- Bitcoin has retreated below $83,000 but remains stable compared to stocks.
- The Nasdaq has declined by 4.2% following a previous 6% drop.