#PowellRemarks Federal Reserve Chair Jerome Powell emphasized the need for sustained progress on inflation before considering rate cuts. He acknowledged recent data showing inflation remaining stubborn, suggesting that rates may need to stay higher for longer. Powell reiterated the Fed’s commitment to its 2% inflation target, noting that while the economy remains strong, premature easing could reverse gains. He signaled patience and data-dependence, leaving future policy moves open. The Fed remains cautious amid uncertainty, aiming to avoid both overheating and recession risks. Powell’s remarks underscore a wait-and-see approach as inflation remains a key challenge. #PowellRemarks