Jerome Powell's keynote speech at the FOMC press conference:
- Inflation remains somewhat elevated.
- The economy is growing.
- The current monetary policy stance is appropriate.
- The implications of events in the Middle East are still unclear.
- Short-term inflation expectations have risen.
- Last year's rate cuts brought policy closer to a likely neutral level.
- Some inflation implications are expected going forward.
- Progress in reducing tariff-related inflation should become noticeable by mid-year.
- Without progress in fighting inflation, there will be no rate cut.
#MarchFedMeeting #Powell