#PowellRemarks

Jerome Powell, the Chairman of the U.S. Federal Reserve, delivered an important speech yesterday, where he provided clarifications on monetary policy and inflation. Here are more details about the speech and its impacts:

*Key statements from Powell:*

- *Inflation*: Powell emphasized that the Fed is working to reduce inflation to its target rate of 2%. He pointed out that inflation is still slowly decreasing as a result of recovery from the major economic shocks that occurred in 2021 and 2022.

- *Interest Rate*: The benchmark interest rate was lowered by 25 basis points to a range of 4.25%-4.5%. This decision reflects a monetary policy aimed at achieving economic stability while continuing to face inflation challenges.

- *The U.S. Economy*: Powell noted that the U.S. economy is performing very well, and there are no reasons to believe that a recession is more likely than usual.