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Powell: Strong Economy Amid Uncertainty and Tariff Impact

6/27/2025

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Summary

Story summary

Federal Reserve Chair Jerome Powell delivered the semi-annual monetary policy report to Congress.
He acknowledged "elevated uncertainty" in the US economy while asserting it is in a "solid position."
The unemployment rate is low, indicating the labor market is close to maximum employment.
Experts warn that the impacts of Trump's tariff policies are not yet fully evident in current data.

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Story summary

Federal Reserve Chair Jerome Powell delivered the semi-annual monetary policy report to Congress.
He acknowledged "elevated uncertainty" in the US economy while asserting it is in a "solid position."
The unemployment rate is low, indicating the labor market is close to maximum employment.
Experts warn that the impacts of Trump's tariff policies are not yet fully evident in current data.