🎙️ Summary of Jerome Powell's Speech – June 18, 2025

▪️ The US economy remains strong, with growth between 1.5% and 2%.

▪️ The labor market is resilient, and unemployment rates remain low.

▪️ Inflation is still above target, and core inflation has seen a slight increase.

▪️ Tariffs represent upward pressure on prices and may slow the pace of interest rate cuts.

▪️ The Fed needs additional data before taking any easing steps.

▪️ No change in the interest rate currently, but the option for a cut remains on the table if inflation continues to decline.

▪️ Powell confirmed that the conflict between Israel and Iran is under observation, and rising energy prices are possible, but he does not expect a long-term impact on inflation.

📌 Conclusion:

The Fed is taking a cautious approach. Inflation continues to pose a challenge, and trade pressures are delaying rate cut decisions. Geopolitical conditions are under watch... Nevertheless, markets are handling the current phase with stability and confidence.