Fed Chair Powell (Q&A) says he hopes that the gas price increase is not for a long period; does not want to speculate about what that means; Fed needs to see how this works out
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Fed Chair Powell (Q&A), asked about tariff impact, is not certain that tariffs will be a one-time effect, not at all certain
Fed Chair Powell (Q&A), asked about conditions for adjusting policy, says Fed has to wait and see, will learn a lot by the next meeting, must see how the outlook evolves on the Middle East
Fed Chair Powell (Q&A) says he hopes that the gas price increase is not for a long period; does not want to speculate about what that means; Fed needs to see how this works out
Fed Chair Powell (Q&A) says growth upgrade likely due to growing confidence in productivity
Fed Chair Powell (Q&A) says a number of people mentioned that short-term inflation expectations have risen, but long-term inflation expectations, majority of things show they are solid
On the Newsquawk feed at , 20 minutes before this page.
Context
Fed Chair Powell's remarks reflect a cautious stance regarding the recent gas price rises, signaling that the Fed is monitoring inflationary pressures closely without committing to a specific course of action. His avoidance of speculation indicates a data-dependent approach, which could imply that upcoming economic indicators may inform future policy decisions. This adds uncertainty to the rate path, particularly in relation to inflation expectations and the USD's strength going forward.
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