Federal reserve (Fed) Jerome chair Powell Further comments have been added During his testimony before the Congress of the Budget Committee on TuesdayDeveloping your case to stop the cuttings of the feet, probably until the fourth quarter.

Key attractions

When the time is right, expect the rate reduction will continue.
The data suggest that at least part of the tariff will hit the consumer.
I think we will start seeing more tariff inflation from June.
We will study when we go through the summer.
I am perfectly open to the idea that the transition to the tariff will be less than we do.
We don’t have to hurry.
If it turns out that the inflation pressure is included, we will reach the place where we will lower the rates.
I will not indicate a specific month.
Fed tries to be careful and careful with inflation.
Uncertainty as to the size and potential durability of inflation based on tariffs.
The economy slows down this year. Immigration is one of the reasons.
Currently, there is now a shock absorber from the oil industry in the USA.
The Fed would look at the general situation if oil prices rise.
The dollar will be a reserve currency for a long time.
I don’t think MBS Runoff has a immense impact on housing costs.
When we get there, we can react more strongly to the deterioration of the economic situation.
I think the Fed is on the right track in the shrinking balance.
Fed has shrinking in a balance sheet.
Credit conditions for diminutive companies a bit tight.
We would expect significant effects of tariff inflation in June, July or August.
If we don’t see it, it would lead to an earlier cut.
At the moment we are in viewing and waiting mode.
In general, the image of inflation is actually quite positive.