Monetary Policy and Economic Outlook

The Central Bank's chair emphasized the strength of the economy while addressing Congress, reaffirming that the Federal Reserve is closely monitoring inflation and interest rates. Despite his focus on monetary policy, lawmakers attempted to steer the conversation toward political matters, specifically tariffs, which Powell refused to engage in. He articulated that the Fed's role does not include commenting on tariff policies, indicating the clear separation of responsibilities between the Fed and elected officials. Powell's consistent approach highlights the ongoing tension between economic policy and political discourse in legislative environments.