#PowellRemarks Latest comments from Federal Reserve President, Jerome Powell, highlight a cautious stance regarding interest rate cuts. While acknowledging signs of easing inflation, Powell emphasized the need for more consistent data before adjusting monetary policy. He reaffirmed the Federal Reserve's commitment to the 2% inflation target, indicating that current economic conditions, a strong labor market, and stable consumer spending do not warrant urgent changes to interest rates. The market initially expected an earlier cut, but Powell's tone tempered those hopes, indicating a data-driven approach. His message ensures that, although the Federal Reserve remains vigilant against inflation, they will not rush into decisions that could disrupt recovery. Investors are now anticipating further action in 2025.