0:02 Brian, I I know the Federal Reserve
0:04 Chair Jerome Powell spoke today.
0:05 Everybody's listening to him very
0:07 closely on what he thinks of the economy
0:09 right now. What do you say? Yeah, so
0:10 many threads on the economy and now that
0:12 we've had a few days to kind of digest
0:13 what happened over the last few weeks,
0:15 the Fed chair, who is arguably seen as
0:17 the most important and most powerful
0:19 economist in the country, is speaking
0:20 right now talking about the outlook and
0:22 the impact of tariffs. He says it could
0:25 be inflationary. Take a listen.
0:27 The level of tariff increases announced
0:29 so far is significantly larger than
0:31 anticipated and the same is likely to be
0:34 true of the economic effects which will
0:37 include higher inflation and slower
0:40 growth. Both survey and market-based
0:41 measures of near-term inflation
0:44 expectations have moved up significantly
0:46 with survey participants pointing to
0:49 tariffs significantly used many times in
0:51 those remarks just now. So again, he's
0:53 worried that inflation could go higher
0:55 from here after market progress over the
0:56 last few years on it. Does that tilt the
0:58 Federal Reserve into making an action on
0:59 their policy rates, again, their
1:01 interest rates? We'll have to find out.
1:02 Their decision comes up in about two
1:04 weeks or so. All right, Brian Chung for
1:06 us. Brian, thanks. Thanks for watching.
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