Summary
- Chair Jerome Powell emphasized that the economy remains solid, noting that attention should be paid to how tariffs will affect inflation and economic growth.
- Powell revealed that the weakening of market sentiment is due to policy changes by the Trump administration.
- He added that the Fed is monitoring the possibility of inflation and economic slowdown due to tariffs.
Jerome Powell, Chair of the Federal Reserve (Fed), stated on the 19th (local time) during a press conference after the FOMC meeting, "While market sentiment has weakened, the economy appears healthy," adding that "the decline in market sentiment is attributed to policy changes by the Trump administration."
He continued, "One of the reasons for the Fed's core inflation forecast decline this year is tariffs," and noted, "We don't know how significantly or in what ways tariffs will impact the economy."
Furthermore, he added, "Tariffs generally tend to increase inflation and slow economic growth," but emphasized, "We are looking at the long term."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
