#PowellRemarks

In a press conference held on June 18, 2025, after the Federal Open Market Committee (FOMC) meeting, U.S. Federal Reserve Chairman Jerome Powell confirmed the following points:

1. Keeping interest rates unchanged in the range of 4.25 – 4.50%, for the fourth consecutive time, despite political pressure from President Trump who demanded a reduction.

2. It is likely that there will be two possible rate cuts before the end of 2025, although 7 out of 19 committee members expect no rate cut this year.

3. Powell indicated that the tariffs imposed by the Trump administration would create temporary pressures on prices and may push inflation up in the summer, but emphasized the need to wait for data before taking any action.