⚡ Jerome Powell (head of the #FED):

✔ In our time, the lack of unanimity is quite logical.
✔ There is a contradiction between the two goals of the FED (labor market/inflation).
✔ We intend to return inflation to 2% on a sustainable basis.
✔ Studies show that the purchase of long-term assets reduces interest rates and supports the economy (speaking about the purchase of government bonds).
✔ We have not yet observed those risks (increase in inflation) associated with an increase in the FED's balance, which many predicted.
✔ Inflation due to tariffs is likely a one-time increase in prices, adding 0.5% to 1.0% to inflation.
✔ We don't know what economic consequences the current situation will have.
✔ Events in the Middle East affect gasoline and gas prices.
✔ It's better for us to wait and watch the development of the situation.
✔ The FED's DCO is currently in a favorable position.
✔ It is necessary to take into account supply shocks, but to monitor inflation expectations.
✔ We have significantly strengthened the system against those losses that were observed during the financial crisis.
✔ We should not try to eliminate the risk completely.
✔ We now have a stable financial system.
❗️The market "private credit" (private lending) is a relatively small part of a large pool of assets. We are closely monitoring the situation in this market.
✔ The US economy remains dynamic and productive. I am very optimistic about the medium and long-term outlook.
✔ At present, the pace of job creation is very low.
✔ It cannot be denied that this is a difficult time to enter the labor market.
✔ Artificial intelligence makes people more productive.
❗️At the moment, we do not observe the spread of problems in the private lending market. So far, this does not have signs of a larger-scale systemic crisis.
✔ We do not know how great the energy shock will be.