#PowellRemarks Federal Reserve Chair Jerome Powell's recent remarks underscored the central bank's cautious approach to monetary policy. He emphasized the persistence of inflation, suggesting that interest rate cuts are not imminent. Powell reiterated the Fed's commitment to achieving its 2% inflation target, even if it requires maintaining higher rates for an extended period. Market reactions reflected this sentiment, with increased volatility and adjustments in expectations for future rate adjustments. The focus remains on incoming economic data and its impact on inflation trends.