#PowellRemarks

Federal Reserve Chairman Jerome Powell recently delivered remarks at Princeton University and the Federal Reserve Board's Second Thomas Laubach Research Conference. Here are some key takeaways from his speeches ¹ ² ³:

- *Economic Outlook*: Powell stated that the economy is still in a good place, with low unemployment and stable interest rates. However, he acknowledged uncertainty around the economic outlook due to various factors, including tariffs and global trade policies.

- *Interest Rates*: The Fed left its key interest rate unchanged at 4.25%-4.5% and projects two more rate cuts in 2025, bringing the rate to 3.75%-4% by year-end.

- *Monetary Policy*: Powell emphasized the importance of flexibility in monetary policy, given the current economic uncertainty. He also highlighted the Fed's commitment to achieving its maximum-employment and price-stability goals.

- *Public Service*: In his Princeton University speech, Powell encouraged graduates to consider public service, emphasizing its value in making a positive impact on society.

- *Uncertainty*: Powell noted that uncertainty is a significant factor in economic forecasting, and the Fed is cautious in its approach to policy decisions.