#PowellRemarks In recent remarks, Federal Reserve Chair Jerome Powell indicated that while economic activity continues to expand at a solid pace and the labor market remains strong with low unemployment, inflation remains somewhat elevated. The Federal Reserve's Federal Open Market Committee (FOMC) decided to maintain the target range for the federal funds rate at 4.25% to 4.5%, emphasizing that future adjustments will depend on incoming data, the evolving outlook, and the balance of risks. Powell also acknowledged that increases in tariffs are likely to push up prices and weigh on economic activity, further complicating the inflation outlook and underscoring the Fed's commitment to patience as they navigate these uncertainties.