Weekly Commentary: Back For A Second Attempt

2025-06-22 12:40:00 ET

Chair Powell: “So, what we said was that uncertainty about the economic outlook has diminished but remains elevated. Many, many surveys say that… And that’s actually a line from the Teal book, which you can see in five years. Remember to check that.”

Journalist: “Maybe the world will be over by then.”

Powell: “No. But if you think about it, tariff uncertainty really peaked in April, and since then has come down. And that’s really what that’s acknowledging. It’s diminished but still elevated, that it’s uncertainty. So, I think that’s an accurate statement.”

The Fed’s forecasting track record has been less than stellar over recent years. Hoping Powell’s pushback (“no”) on the end of the world within five years proves prescient....

Read the full article on Seeking Alpha

For further details see: