#PowellRemarks Jerome Powell, Chairman of the Fed, once again took a firm stance in the latest press conference following the decision to maintain interest rates in the range of 4.25–4.50%. Amid political pressure and the looming shadow of new tariffs from Trump, Powell voiced a clear message: the economy is not yet safe for easing. Inflation remains stubbornly above 2%, and this summer is expected to bring a surge in goods prices due to the burden of tariffs "someone has to pay," he said.

Although the labor market remains solid, Powell emphasized that the Fed will not act hastily. He described the economic conditions as "cloudy," and implied that signals for interest rate cuts are still too early. In fact, in internal projections, nearly half of the FOMC members are doubtful there will be any cuts this year.

More than just policy, Powell also criticized the budget cuts to the statistical bureau that could make economic decisions speculative. Despite being criticized by Trump, Powell remains committed to data, not pressure. With the economy becoming increasingly complex and tumultuous, Powell's message is clear: The Fed is not a political tool, and decisions will continue to be grounded in reality, not rhetoric.