<ul><li>Federal Reserve Chair Jerome Powell emphasizes the central bank's focus on preventing tariff-driven price hikes from triggering persistent inflation.</li><li>Powell reiterates the importance of maintaining price stability to achieve long periods of strong labor market conditions.</li><li>Fed officials are in no rush to change the central bank's benchmark policy rate and are waiting for greater clarity on the effects of Trump's economic policies, especially on trade.</li><li>Powell acknowledges the potential conflict between a weakening economy and elevated inflation and states that the Fed would assess the situation based on the proximity of each goal and their respective time horizons.</li></ul>

Federal Reserve Chair Jerome Powell Says Strong US Labour Market Depends On Price Stability

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