#PowellRemarks
Chairman of the Federal Reserve **Jerome Powell** spoke after the FOMC meeting on June 18, 2025, confirming the maintenance of the **federal funds rate** at 4.25%-4.50%. This marks the fourth consecutive meeting without rate changes, reflecting the Fed's cautious approach amid "somewhat elevated" inflation.
Powell noted that **Donald Trump's tariffs** are likely to **increase prices** in the coming months, complicating the fight against inflation. The Fed's inflation forecasts for 2025 have risen to 3%, and the "dot plot" indicates **fewer rate cuts** this year – possibly just one. Powell emphasized that the Fed will be guided by data, not political pressure, maintaining a policy of restraint until inflation consistently returns to 2%.
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#JeromePowell #FederalReserve #interestrates #Inflation #MonetaryPolicy