#PowellRemarks Federal Reserve Chair Jerome Powell, in his latest remarks, confirmed that interest rates will remain steady at 4.25–4.50% for now. He highlighted ongoing inflationary pressures, partly due to recent trade tariffs, which may slow the path to the Fed’s 2% inflation goal. Powell acknowledged that while the labor market remains strong, wage growth and consumer spending show signs of moderation. He stressed the importance of staying data-dependent and maintaining flexibility in policy decisions. Although the Fed’s projections suggest two potential rate cuts later this year, Powell emphasized patience, noting the need for clearer signs of sustainable disinflation before making any definitive moves on easing monetary policy