#PowellRemarks
Federal Reserve Chair Jerome Powell recently addressed the U.S. economic outlook, emphasizing caution in adjusting interest rates amid ongoing challenges. In a speech at the Economic Club of Chicago, Powell highlighted that U.S. economic growth is slowing and that increased tariffs could lead to higher inflation. He stated that the Federal Reserve would wait for more data before making any changes to interest rates, balancing the risks of inflation and weakening employment .
Powell's remarks have led to mixed reactions in financial markets, with some investors disappointed by the lack of immediate rate cuts. The cautious stance reflects the Fed's commitment to data-driven decisions, especially in light of recent trade tensions and economic indicators .
