PROTECT YOUR DNA WITH QUANTUM TECHNOLOGY
Orgo-Life the new way to the future Advertising by AdpathwayGlobal EconomicsUS Fed Meet: 'Moderately Restrictive' Policy To Effect Of Trump Tariffs — Jerome Powell's Top Quotes
On the subject of President Donald Trump's aggressive trade tariffs, Powell said that a price impact will be visible at some stage.
19 Jun 2025, 01:26 AM IST i 19 Jun 2025, 01:26 AM IST 19 Jun 2025, 01:26 AM IST
Federal Reserve (Fed) Chair Jerome Powell, US President Donald Trump (Image: NDTV Profit)
It's official, folks. No recession is on the cards and the economy is "solid", indicated Jerome Powell, the Chair of the Federal Reserve of the United States in a press conference on Wednesday after the Federal Open Market Committee declared an unchanged interest rate at 4.25% to 4.50%.
On the current economic state of the country, Powell said:
Jerome Powell
When it comes to policy, Powell termed it "moderately restrictive".
Jerome Powell
On the subject of President Donald Trump's aggressive trade tariffs, Powell said that a price impact will be visible at some stage.
Jerome Powell
On the labour market, Powell expressed positive sentiment and called it in "pretty good" condition. The labour market is not crying out for a rate cut, he stated.
Jerome Powell
Though times are changing, Powell stated that this will not change how monetary policy is done in the near term.
Jerome Powell
US Fed Still Sees Two Rate Cuts, But Powell Cautious On Trump Trade Policy Impact — As It Happened
English (US) · 
French (CA) · 
French (FR) ·