Fed, Powell remains ‘put,’ unclear and uncertain how the economy will pivot

Powell emphasizes holding off on interest rate changes due to economic ambiguity, stating the Fed is well-positioned to wait for clearer signs. His comments indicate a cautious approach amidst pressures from the stock market, with a focus on monitoring consumer prices.

Economists predict a recession in 2025 as tariff hikes threaten inflation and growth, with JPMorgan downgrading economic forecasts. New tariffs could lead to increased unemployment and rising inflation, emphasizing a careful balance the Fed must maintain.