#PowellRemarks Here's a summary of recent **Powell Remarks** (as of key points up to mid-2024):

Federal Reserve Chair Jerome Powell's recent public statements have consistently emphasized a **cautious and data-dependent approach** to monetary policy. Following the June 2024 FOMC meeting, the Fed held interest rates steady at a 23-year high (5.25%-5.50%).

Powell acknowledged that while inflation has moderated significantly from its peak, progress towards the Fed's 2% target has **stalled recently**. He stated the current policy is restrictive and dampening demand, but repeatedly stressed the **need for "greater confidence"** that inflation is moving sustainably down before considering rate cuts.