#PowellRemarks

Jerome Powell's recent statements reflect the Federal Reserve's firm stance against persistent inflation. By highlighting that the price stability targets have not yet been met, Powell suggested that interest rates could remain high for longer than expected. This perspective created unease in financial markets, which were looking for clearer signals about future cuts.

Furthermore, he emphasized the reliance on economic data and the caution needed before altering monetary policy. His words reaffirm a cautious approach, which seeks to balance economic growth with inflation control, even if it means prolonging restrictive financial conditions.