#PowellRemarks

recently shared his insights on the economic outlook and monetary policy. Here are some key points from his remarks:

Economic Outlook

- *Inflation:* Powell noted that inflation has eased from its pandemic highs, but recent readings remain above the 2% objective. Total PCE prices rose 2.3% over the 12 months ending in March, while core PCE prices increased by 2.6%.

- *Employment:* The labor market is robust, with unemployment at a low level. However, Powell emphasized the importance of achieving maximum employment and price stability.

Monetary Policy

- *Policy Stance:* Powell stated that the Fed will wait for greater clarity before considering adjustments to the policy stance, analyzing incoming data, evolving outlook, and balance of risks.