#PowellRemarks

In his recent remarks, Federal Reserve Chair Jerome Powell emphasized the central bank's cautious approach to monetary policy amid ongoing economic uncertainties. Powell acknowledged progress in reducing inflation but stressed the need for further evidence before considering interest rate cuts. He highlighted the resilience of the U.S. economy, pointing to strong job growth and consumer spending, while also noting risks such as geopolitical tensions and persistent inflation in certain sectors. Powell reiterated the Fed's commitment to data-driven decisions, avoiding premature policy shifts that could undermine stability. His comments reinforced expectations that rates will remain elevated for now, with future adjustments dependent on incoming economic data. Investors and analysts closely scrutinized his words for clues on the Fed’s next moves.