Fed Talk 3.19.25
In summary, Powell emphasized the heightened uncertainty surrounding the future economic impact of the new administration’s policies on trade, immigration, regulation, and fiscal policy. He noted that while sentiment has turned negative, this shift has not yet appeared in hard data. The economy remains on solid footing, supported by low and stable unemployment at 4.1%, real GDP growth of approximately 2%, and headline PCE inflation at 2.5%….Read more