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#PowellRemarks Powell says he sees no signs of economic weakening
The Federal Reserve maintained a firm stance on interest rates, keeping them in its target range of 4.25% to 4.5%.
The central bank expects two rate cuts this year, but officials foresee higher inflation. They have also lowered their forecasts for gross domestic product.
In his press conference, Federal Reserve Chairman Jerome Powell stated that monetary authorities are "well positioned to wait" before moving forward on the rate issue. He also noted that "we are starting to see some effects" of tariffs on inflation.
$DOGE
$FLOKI
The Federal Reserve maintained a firm stance on interest rates, keeping them in its target range of 4.25% to 4.5%.
The central bank expects two rate cuts this year, but officials foresee higher inflation. They have also lowered their forecasts for gross domestic product.
In his press conference, Federal Reserve Chairman Jerome Powell stated that monetary authorities are "well positioned to wait" before moving forward on the rate issue. He also noted that "we are starting to see some effects" of tariffs on inflation.
$DOGE
$FLOKI
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