#PowellRemarks Today, Fed Chair Jerome Powell emphasized uncertainty and caution in his latest commentary. He reaffirmed the decision to hold interest rates steady at 4.25–4.5%, noting that inflation remains “somewhat elevated” and expecting “a meaningful amount of inflation” driven by tariffs in the months ahead . Powell stressed that rate projections—like the dot‑plot’s two cuts this year—shouldn’t be taken as certainties, as policy will remain data‑dependent . He also highlighted the importance of robust economic data, warning against deep cuts to statistical agencies . Overall, his tone was cautious, underlining the Fed’s independent, measured approach amid tariff‑linked inflation risks and geopolitical tensions—sending a clear message: the path ahead will be gradual and driven by evolving information.
