Oliver Pursche, senior vice president at Wealthspire Advisors in New York, said Powell's speech reflected the anxiety and insecurity that every investor is facing right now, and the market reflects that anxiety and insecurity. No one seems to be able to discern what Trump is going to do next, one moment there are tariffs, one moment there are no tariffs, there are suspensions of tariffs, and there are exemptions. I think it's a bit misleading to say the economy is doing well because the economy is clearly slowing and inflation is clearly still a problem and could get worse, depending on things like tariffs.