#PowellRemarks ​On April 16, 2025, Federal Reserve Chair Jerome Powell addressed the Economic Club of Chicago, highlighting concerns over the U.S. economy's trajectory amid escalating trade tensions. He noted that while the economy remains fundamentally strong, growth appears to be slowing, and inflation is slightly above the Fed's 2% target. Powell emphasized that recent tariffs introduced by the Trump administration are larger than anticipated and could lead to higher inflation and reduced economic growth. Despite these challenges, he stated that the Fed is adopting a wait-and-see approach, awaiting more data before making any interest rate adjustments. Powell also reaffirmed the importance of the Fed's independence, asserting that monetary policy decisions are made without political influence.​