Last up, #JeromePowell takes question from MarketWatch reporter on recent economists analysis that the economy is currently undergoing profound change akin to the 1970s Bretton Woods system.

4/4
#FederalReserve #Trump #economy #tariffs #inflation #InterestRates #lending #unemployment #recession

Next, #JeromePowell takes question from Axios reporter on the impact of #ArtificialIntelligence potentially taking over jobs from people.

3/
#FederalReserve #economy #AI #unemployment

First up, #JeromePowell shuts #FauxNews reporter down.

My favorite bit:

#Powell out loud, “every forecaster you can name who is a professional forecaster with…adequate resources & forecasts for a living…—everyone that I know…”

Powell inner monologue, “no one from Fox News, OANN, Newsmax, Breitbart, & the like…”

2/
#FederalReserve #Trump #economy #tariffs #inflation #InterestRates #lending #unemployment #recession

I definitely find the Q&A far more informative than the official statement.

Here are 3 questions & answers that were outside the predictable.

Aside: Regardless of #politics, #policy, or even #analysis, it’s genuinely refreshing to listen to an intelligent, capable, informed #expert from the #USGovernment. The last 6mos have felt like 60yrs of total #clownshow #idiocracy. Whether you agree with him or not, #JeromePowell is one of the few competent #FederalAgency leaders remaining.

#economy
1/

Watch live as #FederalReserve Chair #JeromePowell holds a press conference after a two-day #policy meeting.

#Trump #economy #tariffs #inflation #unemployment #lending #recession
https://www.youtube.com/watch?v=7_AXT-deIyI

Under the new projections, #inflation remains elevated at 2.4% through 2026 before falling to 2.1% in 2027 amid largely stable #unemployment.

Those outcomes were both embedded in the new projections, the #Fed's latest thinking about how #Trump's suite of economic policies is expected to shape the #economy this year.

"#Uncertainty about the economic outlook has diminished but remains elevated," the #Fed said in its latest policy statement.

While policymakers still anticipate cutting rates by half a percentage point this year, as they projected in March & December, they slightly slowed the pace from there to a single quarter-percentage-point cut in each of 2026 & 2027 in a protracted fight to return #inflation to the central bank's 2% target.

The #FederalReserve held #InterestRates steady & policymakers signaled #borrowing costs are still likely to fall.
It slowed the overall pace of expected future rate cuts in the face of estimated higher #inflation flowing from #Trump's #tariff plans.
In new projections, policymakers sketched a modest #stagflation picture of the #US #economy, w/economic #growth slowing to 1.4% this year, #unemployment rising to 4.5% by the end of this year, & inflation finishing 2025 at 3%.
https://www.reuters.com/markets/us/fed-decision-live-jerome-powell-speaks-middle-east-tariff-concerns-loom-2025-06-18/