#PowellRemarks

🚨🚨BIG Moves🚨🚨

Federal Reserve Chair Jerome Powell recently shared his insights on the economic outlook. In his remarks, Powell highlighted that the US economy is in a solid position, with the labor market at or near maximum employment and inflation running slightly above the 2% objective ¹.

Powell noted that recent economic data suggests growth has slowed in the first quarter, with consumer spending growing modestly and imports weighing on GDP growth. However, he emphasized that the labor market remains strong, with job growth averaging 150,000 per month and the unemployment rate holding steady ¹.

Regarding inflation, Powell stated that while progress has been made in reducing inflation, recent readings remain above the 2% target. He attributed this to factors such as tariffs, which have driven up prices ¹.

In terms of monetary policy, Powell indicated that the Federal Reserve will continue to monitor incoming data and adjust policy accordingly. He emphasized that policy is not on a preset course and that the Fed can maintain policy restraint for longer if necessary ¹.

Some key takeaways from Powell's remarks include:

- 💯Economic Growth:The US economy is expected to continue growing, albeit at a slower pace.

- *Labor Market*: The labor market remains strong, with low unemployment and steady job growth.

- *Inflation*: Inflation remains above the 2% target, driven by factors such as tariffs.

- Monetary Policy:📶The Federal Reserve will continue to monitor incoming data and adjust policy accordingly.