Fed Chair Powell doesn't want to speculate

• Powell highlighted significant uncertainty regarding the scale and duration of current economic and geopolitical events.
• He explicitly stated that he would not speculate on future outcomes, acknowledging a lack of predictive power.
• Powell conveyed that many factors are 'completely out of our hands' and the Fed, like others, must 'wait and see'.

Fed Chair Jerome Powell repeatedly emphasized the high degree of uncertainty surrounding future economic and geopolitical events, stating that the Fed does not know how long current situations will last or their ultimate impact. He explicitly refused to speculate, indicating that many factors are 'out of their hands' and they, like everyone else, must 'wait and see'.