#PowellRemarks Jerome Powell, the Chair of the Federal Reserve, recently made a series of remarks following the Federal Open Market Committee (FOMC) meeting on June 18, 2025. Here's a summary of the key takeaways:

Key Decisions & Economic Outlook:

Interest Rates Unchanged: The FOMC decided to keep the federal funds rate unchanged at 4.25%-4.5% for the fourth consecutive meeting. This decision was in line with market expectations.

Solid Economic Pace: Powell stated that the economy continues to expand at a "solid pace" and the labor market remains strong, with the unemployment rate at a low 4.2%. Wage growth has moderated but still outpaces inflation.

Inflation Still Elevated: While inflation has come down significantly from its peak, it is still running somewhat above the Fed's 2% longer-run objective. Core inflation, excluding volatile food and energy, remains elevated at 2.5%