In a congressional appearance with all the energy of a damp teabag in monsoon season, Fed Chair Powell assured everyone there’s no rush to cut rates—because apparently staring in the rearview mirror is still the preferred policy tool.

#Inflation might rise, #tariffs might bite, but hey, let’s wait and see. Meanwhile, Trump—never one to whisper—labelled him “Too Late Jerome” and called for Congress to “work him over” for keeping rates high. The punchline? Powell admits tariffs will likely hike prices and slow growth… but don’t expect any urgency. The Fed’s motto? Delay and pray.