Fed Chair Jerome Powell –
No Rate Change for Now:
The Federal Reserve is holding interest rates steady, watching inflation trends closely.
Inflation Still Elevated:
While inflation has cooled slightly, it remains above the 2% target, and more consistent data is needed.
Not Ready to Cut Yet:
Powell stressed that the Fed needs stronger signs of sustained inflation decline before considering rate cuts.
Outlook More Stable:
Economic uncertainty is easing, and the labor market continues to show resilience.
Tariff Effects Under Review:
The Fed is carefully assessing the potential economic impact of new tariffs before making any policy moves.
Rate Cuts Possible Later in the Year:
If inflation progress continues, Powell suggested that cuts could be on the table later in 2025.