#PowellRemarks from Fed Chair Jerome Powell highlighted a cautious approach to interest rate cuts amid persistent inflation concerns. Speaking at a recent economic forum, Powell acknowledged progress in cooling inflation but emphasized that the Federal Reserve needs more confidence before easing monetary policy. He noted that while the labor market remains strong, inflation is not falling as quickly as expected, making premature rate cuts risky. Markets reacted with volatility, as investors adjusted expectations for rate changes later this year. Powell reaffirmed the Fed’s commitment to its 2% inflation target, signaling that patience and data-dependence will guide future policy decisions.