$USDC SUMMARY OF KEY REMARKS BY FED CHAIR POWELL (06/19/2025)

- The FED's inflation forecast for this year is higher due to tariffs.

- It takes time to assess the impact of inflation.

- It is reasonable to anticipate that the time will come for interest rate cuts.

- The FED will make more "prudent" decisions if it waits a few more months.

- The FED forecasts a "significant" level of inflation in the coming months, while the unemployment rate remains at a "reasonable" level.

- The FED is currently in a favorable position to wait before making policy adjustments.

- Mr. Jerome Powell declined to directly answer questions about the recent harsh comments from President Trump.

☺️☺️☺️☺️