#PowellRemarks Federal Reserve Chair Jerome Powell recently delivered remarks underscoring the Fed's commitment to its dual mandate of maximum employment and price stability. He reiterated the decision to keep interest rates unchanged, noting the economy's solid growth and robust labor market. While inflation has eased significantly, it remains somewhat above the 2% target. Powell highlighted uncertainty regarding future inflation, particularly due to the potential impact of new tariffs, which could push prices higher. He stressed patience, emphasizing that the Fed will continue to assess incoming data before making any adjustments to monetary policy. The economic outlook reflects caution, with growth estimates slightly lowered, but a steady approach to achieve long-term goals.

#PowellRemarks