#PowellRemarks

Federal Reserve Chair Jerome Powell stated that while inflation has eased from its peak, it remains too high, and the Fed is not yet confident enough to begin cutting interest rates. Speaking at a recent event, Powell emphasized that the central bank will proceed carefully and base decisions on incoming economic data. He acknowledged the strength of the labor market and overall economy but highlighted persistent inflation risks. Powell reiterated the Fed’s commitment to achieving its 2% inflation target, suggesting that rate cuts could be delayed until there’s clearer evidence of sustained inflation decline. Markets reacted cautiously to his measured tone.