Powell Sees Stocks As Expensive. That’s Not His Problem.

Federal Reserve Chairman Jerome Powell has a problem—but he doesn’t have the same problem that investors do. Powell’s hands are full with the task of navigating the world’s biggest economy—which is a thicket of risks tied to tariffs, inflation, a weakening labor market, and unprecedented political pressure. The Fed chair called it a “challenging situation” during a speech in Providence, R.I., on Tuesday.

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