Powell talks about patience and tariffs raising inflation expectations, two-year U.S. Treasury yields fall below 4%
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Federal Reserve Chairman Jerome Powell stated that the central bank does not need to rush to adjust policies and is prepared to patiently wait for market information. Surveys show that tariffs have raised inflation expectations, but long-term inflation expectations are in line with the 2% target. The yield on the U.S. two-year Treasury bond fell below 4%, declining more than 3 basis points during the day, previously trading around 4.08%
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