#PowellRemarks Federal Reserve Chair Jerome Powell recently spoke about the economic outlook at the Economic Club of Chicago. Here are the key points from his remarks:

- *Economic Outlook*: Despite uncertainty and downside risks, the US economy remains solid, with the labor market near maximum employment. Inflation has decreased significantly from its peak but remains above the 2% target.

- *Inflation Concerns*: Powell noted that recent inflation readings are above expectations, partly due to tariff increases and their potential impact on prices. The Fed is closely monitoring inflation expectations and will take necessary actions to keep them anchored.

- *Monetary Policy*: The Fed will balance its dual mandates of maximum employment and price stability. Powell emphasized that without price stability, achieving strong labor market conditions won't be possible. The Fed will consider adjustments to policy as more clarity emerges on the economic outlook.

- *Tariffs and Economic Impact*: Powell mentioned that tariffs are likely to generate a temporary rise in inflation, and their economic effects will depend on the size and duration of the tariffs. The Fed will assess these developments and adjust policy accordingly.

- *Labor Market*: Job growth has slowed, but the unemployment rate remains low and stable. Wage growth continues to moderate while outpacing inflation.

Powell delivered these remarks on April 16, 2025, highlighting the Fed's ongoing efforts to manage the economy and maintain stability.#PowellRemarks #BTC