#PowellRemarks Federal Reserve Chair Jerome Powell recently spoke about the economic outlook, highlighting key concerns and policy considerations. Here are the main points from his remarks ¹:

- *Economic Growth*: Powell noted that the economy is still growing solidly, but forecasters anticipate slower growth this year. The labor market appears to be in balance, with low unemployment and moderating job growth.

- *Inflation*: Inflation has declined from its pandemic highs but remains above the Fed's 2% objective. Powell emphasized the importance of returning inflation sustainably to this goal, citing concerns about higher tariffs potentially raising inflation.

- *Monetary Policy*: The Fed is closely monitoring incoming data and is well-positioned to address risks and uncertainties. Powell stressed that the Fed will not comment on specific policies but will assess their economic effects and adjust monetary policy accordingly.

- *Tariffs and Trade*: The Fed is watching the impact of higher tariffs on inflation and growth, with uncertainty surrounding the details and potential retaliation from trading partners.

- *Interest Rates*: The Fed is considering the balance of risks, including higher unemployment and inflation, when making decisions about interest rates.

Powell's remarks also touched on the importance of maintaining low and predictable inflation, as well as the need for a solid economy that benefits workers and businesses. His comments reflect the Fed's ongoing efforts to navigate the complex economic landscape and achieve its dual-mandate goals of maximum employment and stable prices.