Core Viewpoint - Federal Reserve Chairman Jerome Powell emphasizes that despite increasing uncertainties, the economy remains in a robust position [1] Economic Conditions - The unemployment rate is still very low, and the labor market is at or near maximum employment levels [1] - Inflation rates have significantly decreased but remain slightly above the Federal Reserve's long-term target of 2% [1] Federal Reserve's Focus - The Federal Reserve continues to focus on achieving its dual mandate of maximizing employment and stabilizing prices for the benefit of the American people [1] - The Federal Reserve is aware of the two-sided risks associated with their dual mandate [1]

Core Viewpoint - Federal Reserve Chairman Jerome Powell stated that if tariffs remain unchanged, there will be no progress on the dual mandate objectives this year [1] Group 1 - The current tariff situation is impacting the Federal Reserve's ability to achieve its economic goals [1] - Powell emphasized the importance of tariff adjustments for economic progress [1] - The statement indicates a potential stagnation in economic policy effectiveness due to external trade factors [1]