Jefferies(US:JEF) news flash·2025-05-07 17:57Core Viewpoint - Jefferies economist Thomas Simons expresses sympathy for the hardworking members of the Federal Reserve's news team, highlighting the challenges they face in formulating questions that Federal Reserve Chair Jerome Powell can and is willing to answer regarding monetary policy or economic outlook [1] Summary by Relevant Sections - Economic Outlook - Simons anticipates that Powell will adopt a cautious approach during the upcoming press conference, maintaining a tone similar to that of the March press conference [1] - Concerns about inflation driven by tariffs remain significant, but the Federal Reserve's view on its dual mandate appears balanced [1] - Policy Support - If economic growth and labor market prospects deteriorate significantly, the Federal Reserve's ability to provide policy support will not be constrained [1]