#PowellRemarks

Jerome Powell, the Federal Reserve Chair, has made several recent remarks on monetary policy and the economy. Here are some key points:

- Economic Growth: Powell stated that the US economy is strong, with growth expected to come down to around 2% this year after a 3% growth rate last year.

- Interest Rates: He mentioned that the Fed doesn't need to hurry in cutting interest rates and will wait until they're more confident that inflation is coming down to 2% sustainably. The current policy rate is 5.3%, which is the highest in over two decades.

- Monetary Policy: Powell emphasized that the Fed's goal is to achieve maximum employment and price stability, and they'll use their policy tools to meet these objectives.

- Global Economy: He noted that the US economy is performing well compared to others, partly due to productivity. However, global economic slowdowns, such as in China and Europe, can be headwinds for the US economy.

- Inflation: Powell reiterated the Fed's commitment to bringing inflation down and signaled that policymakers aren't in a rush to push interest rates lower.

Some notable remarks were made in:

- March 2024: Powell's remarks at the Macroeconomics and Monetary Policy Conference.

- March 2025: Powell's speech at the University of Chicago Booth School of Business U.S. Monetary Policy Forum.

- Recent Statements: Powell has also mentioned being "patient" with interest rate policy, citing cross-currents in the economy and global economic trends.