#PowellRemarks Federal Reserve Chair Jerome Powell recently emphasized a cautious approach to interest rate cuts, citing persistent inflation and a strong U.S. labor market. In his remarks, Powell stated that while inflation has eased from its peak, it remains above the Fed’s 2% target. He noted that more data is needed before any rate reductions can be considered. Powell reassured that the Fed remains committed to its dual mandate of price stability and maximum employment. Markets reacted with caution, as investors adjusted expectations for rate cuts in 2025. His remarks reinforced the Fed’s “higher for longer” interest rate stance.