#PowellRemarks #PowellRemarks

Federal Reserve Chair Jerome Powell recently emphasized that while inflation has cooled somewhat, it remains above the Fed’s 2% target. Speaking during a policy forum, Powell noted that the central bank is taking a data-dependent approach and is not yet confident enough to begin cutting interest rates.

He acknowledged that recent inflation readings have shown modest progress, especially in the core personal consumption expenditures (PCE) index. However, Powell made it clear that the Fed needs more evidence before making any decisive monetary policy shifts.

Key highlights:

No immediate rate cuts are expected.

The Fed is watching labor market and inflation data closely.

Powell reaffirmed the Fed's commitment to its dual mandate: stable prices and maximum employment.