#PowellRemarks

Federal Reserve Chairman Powell reiterated in his latest speech on Friday that the Fed is committed to maximizing employment and stabilizing inflation (2% target), noting that the current economy is robust but faces uncertainties such as trade policies, the labor market is balanced, inflation is slowing but still under pressure, and monetary policy will remain cautious and flexibly adjusted based on data to avoid short-term shocks turning into sustained inflation. He repeatedly mentioned uncertainty, indicating the need to continue to wait for more clarity. Regarding tariffs, he stated that the magnitude of tariff increases will be larger than expected, and the economic impact may be more significant than anticipated.