#PowellRemarks Federal Reserve Chair Jerome Powell delivered cautious remarks on the U.S. economic outlook, emphasizing the need for patience in adjusting interest rates. He warned that recent tariffs could lead to higher inflation and slower economic growth, adding uncertainty to the Fed’s decision-making. Powell stressed that while the labor market remains strong, the full impact of trade tensions is not yet clear. He affirmed the Fed's commitment to its dual mandate of price stability and maximum employment. Despite political pressures, Powell underscored the importance of the central bank’s independence and its reliance on data to guide future policy decisions.