#PowellRemarks
On June 18, 2025, Federal Reserve Chair Jerome Powell delivered remarks at the FOMC press conference and the International Finance Division 75th Anniversary Conference, emphasizing the Fed's focus on achieving maximum employment and stable prices despite elevated uncertainty. He noted the economy is in a solid position with low unemployment and inflation running somewhat above the 2% target. The Federal Open Market Committee decided to keep interest rates unchanged, believing the current policy stance is well-positioned to respond to economic developments. Powell highlighted that the economy has yet to fully feel the effects of tariffs on consumer prices, which are expected to manifest more in coming months. He stressed the Fed's data-dependent, forward-looking approach and the importance of restoring price stability for the benefit of households and businesses.
Powell addressed questions about inflation, tariffs, and the Fed's staffing, explaining the rationale behind maintaining rates and the ongoing assessment of economic risks. He acknowledged uncertainty around tariffs and geopolitical tensions but maintained that the labor market remains strong and inflation is easing. Powell also discussed plans to improve Fed communications and manage staff levels carefully without compromising critical missions.
Visuals from the event, including Powell's remarks and the press conference, are available in the official Federal Reserve YouTube video from June 18, 2025.
