#PowellRemarks The president of the Federal Reserve, Jerome Powell, made notable statements that captured the attention of the markets. In his comments, Powell noted that the U.S. economy continues to show strength, but he also acknowledged that inflation persists above the 2% target. He stated that the Fed is committed to making decisions based on economic data and will not hesitate to keep interest rates high if necessary to control inflation. However, he also left the door open to possible cuts if economic conditions change. His words reflect a cautious approach, seeking a balance between sustaining growth and controlling prices. Investors interpreted his comments as a sign that there will be no imminent cuts, leading to movements in the financial markets.