#PowellRemarks Jerome Powell, Chair of the Federal Reserve, has made several recent remarks on the US economy and monetary policy. Here are some key points ¹ ² ³:

- *Economic Growth:* Powell noted that the US economy is strong, with growth above 3% last year and expected to slow down to around 2% this year.

- *Interest Rates:* The Federal Reserve is cautious about cutting interest rates, wanting to be more confident that inflation is sustainably heading towards the 2% target.

- *Inflation:* Powell emphasized the Fed's commitment to achieving a 2% inflation target, acknowledging uncertainties surrounding the neutral rate of interest.

- *Trade Tensions:* He warned that trade tensions could spur inflation and emphasized the central bank's need to ensure tariffs don't trigger a persistent rise in inflation.

- *Monetary Policy:* Powell reiterated the Fed's patient approach to monetary policy decisions, considering cross-currents in the economy and global economic trends.

Some of his notable remarks include ¹ ⁴ ³:

- *"We don’t need to be in a hurry to cut"* interest rates, Powell said, emphasizing the need for confidence in inflation heading towards the target.

- *"The Fed is a very important American institution"* that serves all Americans on a non-political basis, Powell highlighted, underscoring the importance of maintaining public trust.

- *"Patient means that we don’t feel any hurry to change our interest rate policy,"* he explained, referencing the Fed's cautious stance on rate adjustments.