#PowellRemarks Federal Reserve Chair Jerome Powell recently spoke about the U.S. economy and interest rates. He said that inflation is still too high and the Fed is not ready to lower interest rates yet. Powell stressed that the Fed needs more confidence that inflation is moving down toward their 2% target before making any cuts. His comments suggest that interest rates may stay high for longer than expected. This caused some uncertainty in the stock market, as investors were hoping for rate cuts soon. Powell also mentioned that the economy is strong, with good job growth and steady consumer spending.