#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.

- *Inflation*: Powell emphasized the Fed's commitment to achieving maximum employment and price stability. He noted that progress has been made in reducing inflation but cautioned against overreacting to short-term data.

- *Trade Tensions*: Powell warned that trade tensions could lead to increased inflation and emphasized the need for the Fed to ensure tariffs don't trigger a persistent rise in inflation.

- *Monetary Policy*: Powell defended the Fed's response to the COVID-19 pandemic, stating that the central bank's actions helped avoid the worst outcomes. He also praised government employees and US universities.

- *Fed's Independence*: Powell stressed the importance of the Fed's independence and non-partisan approach, ensuring that monetary policy decisions are based on economic data and not influenced by political considerations.

Some notable speeches and remarks by Powell include:

- *March 2024*: Powell spoke at the Macroeconomics and Monetary Policy Conference, discussing the economy and monetary policy.

- *March 2025*: Powell delivered remarks at the University of Chicago Booth School of Business U.S. Monetary Policy Forum.

- *May 2025*: Powell defended the Fed's response to the COVID-19 pandemic in a Princeton University speech, amid criticism from former President Donald Trump.

- *August 2024*: Powell spoke at the Jackson Hole Economic Symposium, providing insights into the Fed's monetary policy decisions.