#USNoKingsProtests
🗣️Key points from Jerome Powell's speech so far⤵️
📌 There is a conflict or tension between the Federal Reserve's two primary objectives.
📌 There are no indications that the Fed's previous bond purchases caused inflation.
📌 We are committed to bringing inflation back to 2% in a sustainable manner.
📌 Tariff-induced inflation is a one-time price increase that adds between half a percentage point and a full percentage point to inflation.
📌 Monetary policy is well-positioned to wait and see how the current situation develops.
USDC
1.00002
-0.01%