#PowellRemarks Economic Outlook: Powell noted that the U.S. economy continues to expand at a solid pace, with the unemployment rate remaining low and labor market conditions solid. However, he acknowledged that inflation remains somewhat elevated, influenced in part by recent tariff increases.

Tariff Impacts: The Fed Chair highlighted that the recent increases in tariffs are likely to raise prices and dampen economic activity. He emphasized the need to gather more information before making any changes to monetary policy amid evolving trade, fiscal, and regulatory conditions.