1. Federal Reserve Chairman Jerome Powell stresses the need for continued economic stimulus as the US economy struggles to recover from the impact of the pandemic. Powell emphasizes the importance of targeted fiscal support to prevent long-term damage to the economy.
2. In response to the ongoing economic challenges, the Federal Reserve keeps interest rates near zero and maintains its commitment to supporting the economy through various monetary policy tools. Powell emphasizes the central bank’s readiness to adjust policies as needed to ensure a sustainable recovery.
3. As inflation remains below the Fed’s target level, Powell reiterates the central bank’s commitment to achieving a 2% inflation rate over time. He emphasizes the importance of supporting job growth and economic stability through appropriate monetary policy measures.

Read more at Barchart: Fed’s Jerome Powell Warns of Substantial ‘Uncertainty’ From ‘Significantly Higher Tariffs’ and ‘Abrupt Slowdown in Labor Force Growth’