#PowellRemarks #PowellRemarks

Summary of the Fed's decision: the central bank signals fears of stagflation, Powell says the Fed is "well positioned to wait" on rates

The Federal Reserve maintained a firm stance on interest rates, keeping them in its target range of 4.25% to 4.5%.

The central bank expects two rate cuts this year, but officials foresee higher inflation. They have also lowered their forecasts for gross domestic product.

In his press conference, Federal Reserve Chairman Jerome Powell stated that monetary authorities are in a position to wait before moving forward on rates. He also stated that we are beginning to see some effects of tariffs on inflation.

Powell says he sees no signs of weakening in the economy

Speaking about the sustained strength of the labor market, Powell added that he sees no short-term signs that the U.S. economy is weakening.