📌 Powell’s Key Remarks – Summary
1. No rush to cut interest rates
Powell emphasized the Fed will wait for more data before making any rate cut decisions. He acknowledged the impact of recent tariffs could complicate the inflation outlook.
2. US economy remains solid
Powell highlighted the economy is in “solid condition” with manageable inflation (~2.3%–2.7%) and stable unemployment around 4.2%.
3. Tariff effects could push inflation up
He warned that new tariffs may gradually lift prices during summer, requiring the Fed to stay cautious and data-dependent.
4. No specific timeline for rate cuts
Powell avoided committing to a timeline for the first cut—no confirmation for July—stressing that decisions will depend on incoming data.
5. Fed independence affirmed
Despite political pressure (especially from President Trump), Powell stated that monetary policy will remain independent and based on objective analysis.
