#PowellRemarks
Jerome Powell, the Federal Reserve Chair, has made several notable remarks recently. Here are some key points:
Interest Rates Powell stated that the Fed isn't in a hurry to cut interest rates, given the strong economic growth. The current policy rate is 5.3%, and the Fed will wait until they're more confident that inflation is sustainably heading towards 2%.
Economic Growth*: Powell highlighted the US economy's exceptional performance, citing strong growth and productivity as key factors. He expects growth to slow down to around 2% this year.
