#PowellRemarks
Federal Reserve Chair Jerome Powell delivered remarks emphasizing the Fed's cautious approach toward interest rate cuts. He noted that while inflation has eased from its peak, it remains above the Fed’s 2% target. Powell stressed the importance of incoming data, indicating that sustained evidence of inflation moving lower is required before any policy shift. He reiterated the Fed’s commitment to achieving price stability while acknowledging risks to both sides of the mandate. Powell also mentioned that the labor market remains strong but is showing signs of gradual cooling. Overall, the tone was measured, signaling patience and a data-dependent stance.