#PowellRemarks

Federal Reserve Chair Jerome Powell's recent remarks underscored cautious optimism amid slowing inflation, stressing the need for sustained evidence before considering rate cuts. He acknowledged significant progress toward the 2% target but emphasized persistent uncertainties, including geopolitical risks and tight labor markets. Powell reiterated a data-dependent stance, balancing the dual mandate of price stability and maximum employment. While recognizing robust economic growth and consumer resilience, he warned against premature easing, which could reignite inflation, or delayed action harming economic momentum. The Fed remains poised to adjust policies judiciously, prioritizing long-term stability over short-term shifts. Markets closely parsed his comments for clues on 2024 rate trajectories. #PowellRemarks