#PowellRemarks Jerome Powell, chairman of the Fed, kept interest rates between 4.25% and 4.50%, adopting a cautious stance in the face of persistent inflation. Despite the stability, he signaled high uncertainties about the economy, stating that the Fed is "flying in the dark." The inflation projection rose and GDP growth was revised downward, raising concerns about potential stagflation. The labor market remains solid, without alarming wage pressures. Powell rejected political pressures, especially from Donald Trump, who accused him of being slow and harming the economy. The remarks reinforced a hawkish stance, even without immediate new rate hikes. The market reacted cautiously, adjusting expectations for cuts only at the end of 2025.