Powell actually said three things yesterday, don't get confused by the bureaucratic jargon. Let me translate it into the most straightforward language for you——
First, the economy hasn't collapsed yet, no rush to rescue it.
It's simple: the US can still hold on now, unemployment hasn't exploded, consumption is still there, and businesses haven't given up.
So you expect him to cut rates immediately to "save the market"? Sorry, there's no such necessity.
Second, inflation is still causing trouble, can't be controlled.
Inflation expectations are being revised upward this year, oil prices, tariffs
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