The Fed chair just doubled down on the 2% inflation target. Powell's making it crystal clear—they're sticking to that number no matter what.

But here's the kicker: he's pointing fingers at tariffs as the main culprit behind the current inflation overshoot. Not monetary policy missteps, not supply chain chaos—tariffs. That's a pretty bold call, especially with trade policy getting more aggressive lately.

For anyone watching macro trends, this matters. Central bank rhetoric shapes risk appetite across all markets, crypto included. If Powell's right and tariffs are the real inflation driver, we might see policy staying tighter longer than expected.