Powell’s remarks reinforce his earlier view that the Fed will not be in a position to preempt weakness from a trade war:
“We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension.”
It’s a somber message, leavened with a local Chicago nod to how unpredictable things have become:$Tesla(TSLA.US)$Invesco QQQ Trust(QQQ.US)$Apple(AAPL.US)$NVIDIA(NVDA.US)
“As that great Chicagoan Ferris Bueller once noted, ‘Life moves pretty fast.’ For the time being, we are well positioned to wait for greater clarity before considering any adjustments to our policy stance.”
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