#PowellRemarks Jerome Powell announced that the Fed is maintaining its benchmark rate at 4.25 – 4.50%, while forecasting two possible cuts by the end of 2025, if the data improves. He emphasizes the effect of new tariffs on inflation: “someone has to bear the cost,” and he wants to see the impacts before acting. He also notes that service inflation is decreasing, but inflationary pressures remain high. Powell finally underscores the importance of solid economic data, warning that staff reductions in statistical agencies could harm the Fed's decisions.
