- Inflation has come down quite a bit and we’re close to maximum employment
- Data has been solid, right through today’s jobs report
- What we’ve learned is that tariffs are higher than almost anyone expected but we don’t know where that comes to rest
- People expect us to tell the truth, and that’s what we intend to do
- We’re not responsible for trade, immigration or fiscal policy
- A year from now should be much lower as impact of Trump policies becomes clearer
Powell seems to be under the illusion that there is going to be clarity on Trump policies. I don’t think that’s the case as Trump will retain the ability to threaten and implement tariffs throughout his term.
This article was written by Adam Button at www.forexlive.com.
