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POWELL HOLDS THE LINE -- DESPITE $TRUMP PRESSURE 🔥
Powell just acknowledged the obvious -- Middle East tensions are driving energy prices higher, and that’s going to push inflation back up in the near term. But instead of signaling relief, he doubled down on uncertainty, saying it’s still too early to know how deep or how long this impact runs.
This comes right after $Trump publicly called him out for not cutting rates... and Powell essentially brushed it off.
No pivot. No rush.
Higher oil, sticky inflation, and now geopolitical risk layered on top -- the Fed isn’t about to ease into that. Rate cuts are getting pushed further out, and the market is starting to accept it.
#Gate13thAnniversaryGlobalCelebration #GateSquareAIReviewer #SECAndCFTCNewGuidelines