#PowellRemarks Jerome Powell, Chair of the Federal Reserve, recently shared his insights on the US economy. Key points include¹ ²:

- *Economic Growth*: The US economy grew 2.4% in 2024, with a strong labor market and declining inflation.

- *Inflation*: Powell emphasized the Fed's commitment to achieving its 2% inflation goal, noting progress but acknowledging that inflation is still not at the target level.

- *Interest Rates*: The Fed has been adjusting interest rates to balance economic growth and inflation, with a recent quarter-point rate cut to reduce policy restraint.

- *Uncertainty*: Powell highlighted the challenges of navigating economic uncertainty, including the impact of tariffs and global economic developments on the US economy.

- *Fed Independence*: He emphasized the importance of the Fed's independence in making monetary policy decisions.