#PowellRemarks Jerome Powell, Chair of the Federal Reserve, recently emphasized the Fed's commitment to fighting inflation. While acknowledging that inflation has significantly eased from its highs, it remains above the 2% target. The Federal Open Market Committee (FOMC) decided to keep interest rates unchanged, noting the economy's continued solid expansion and a low unemployment rate.

Powell highlighted the uncertainty surrounding the impact of new tariffs, which are expected to push up prices in the coming months. Despite this, the Fed's latest projections still anticipate two rate cuts this year. He stressed patience, stating the Fed needs more data to gain confidence that inflation is sustainably returning to target before making any adjustments to the policy rate.