Q to Powell in the Senate today: Why isn't the Fed willing to look through tariff-driven price increases? A: "As I said, a one-time [increase in the price level] could be the base case. But in a situation like this where the process could go on for a long time, where the effects

#GlobalNews | Fed Chairman Jerome Powell: Going to put out something on SLR for comment today (Agencies) #FED #SLR pic.x.com/82z41jmlAP

Cues This Morning | Markets rally on Israel-Iran ceasefire, tech surge & Fed optimism—no recession signs, rate cut hopes rise. Tune in as @SrishtiSharma_ breaks down the key cues to watch this morning! #StockMarket #Ceasefire #Fed #Inflation #GDP #PCE #TechRally pic.x.com/gpPveedPDL

It's truly shocking that Powell claims to have no view on the value of the U.S. dollar—no understanding or opinion on why the dollar is where it is now or where it may be headed in the future, given that the Fed's primary mission is to maintain the purchasing power of the dollar!