Summary of Jerome Powell’s Press Conference
The Federal Reserve held interest rates steady, but Powell’s remarks included several important takeaways:
Inflation continues to run above the Fed’s 2% target.
Recent data from the past three months show encouraging signs of inflation easing.
The Fed is taking a cautious approach, opting to wait and see how new tariffs affect the economy before making policy changes.
Economic uncertainty appears to be declining from its recent highs.
A rate cut could soon become appropriate if current trends continue.