Key Points from Jerome Powell’s Fed Speech:
Interest Rates Held Steady:
The Fed kept rates at 4.25%–4.5% due to concerns about inflation and rising unemployment.
No Rush to Cut Rates:
Powell said there's “no hurry” to reduce interest rates, signaling a cautious approach moving forward.
Policy Remains Tight:
The Fed is sticking with its restrictive stance to balance inflation control and job growth.