Federal Reserve Chair Jerome Powell addressed the state of the US economy, dismissing concerns about a possible recession.
US Economy Remains Stable
Jerome Powell stated that "the US is not in a recession." His comments come amid discussions about rising tariffs, persistent inflation, and mixed economic signals. He highlighted strong job growth and a resilient labor market as key indicators that the economy is active.
Interest Rates Hold Steady
The Federal Reserve decided to keep its benchmark interest rate steady at 4.25–4.50% as expected. Powell emphasized that the central bank is not rushing to cut rates, highlighting the need to assess the influence of recent tariffs on the economy.
Market Outlook: Waiting for Clarity
Powell’s comments aim to stabilize market expectations. While Wall Street hopes for rate cuts, the Fed is focusing on data rather than deadlines. The central bank is closely monitoring inflation metrics, the job market, and global trade developments to inform its decisions.
Powell’s statements affirm that current economic fluctuations do not indicate a crisis, and the US economy continues to move towards recovery.
