#PowellRemarks

Federal Reserve Chair Jerome Powell recently made remarks on the economic outlook, highlighting the US economy's solid position despite heightened uncertainty and downside risks. Powell noted that the labor market is at or near maximum employment, with inflation having come down significantly but still running slightly above the 2% objective ¹.

In his April 16, 2025, speech at the Economic Club of Chicago, Powell discussed the implications of recent policy changes, including trade, immigration, fiscal policy, and regulation. He emphasized the importance of keeping longer-term inflation expectations well anchored and balancing the dual-mandate goals of maximum employment and price stability ¹.

Powell also touched on the potential effects of tariffs on inflation, noting that survey- and market-based measures of near-term inflation expectations have moved up significantly. However, he reassured that the Federal Reserve will continue to analyze incoming data and adjust its policy stance accordingly ¹.

In an earlier speech on November 14, 2024, Powell provided an update on the economic outlook, highlighting the progress made toward the Federal Reserve's dual-mandate goals. He noted that the labor market has cooled to the point where it is no longer a source of significant inflationary pressures, and inflation has eased substantially from its peak ².