#PowellRemarks Jerome Powell, chairman of the Federal Reserve, stated that the agency needs to "learn more" before modifying its monetary policy, due to the uncertainty caused by new tariffs, fiscal policies, and regulations. He pointed out that tariffs could raise prices and slow down the economy, affecting both inflation and employment. Powell emphasized that if these goals come into conflict, the Fed will assess which one is more deviated from its target. His message reinforces a cautious and data-driven approach, maintaining the independence of the central bank against political pressures. Markets interpret these statements as a sign that there will be no rate cuts in the short term, possibly not before September.