🚨 NEW UPDATE — Jerome Powell’s June 2, 2025, Speech Recap

At the Federal Reserve’s International Finance Division 75th Anniversary Conference, Chair Jerome Powell delivered a warm, non-policy speech focused on appreciation rather than action.

🗣️ Key Takeaways:

Powell thanked the IF Division staff for 75 years of critical support to Fed Chairs and Board members.

He praised their role in international coordination, logistical planning for global travel, and sustaining key relationships worldwide.

Emphasized the IF Division’s contribution to the Fed’s dual mandate: maximum employment and price stability.

📉 No Policy Surprises:

✅ No mention of interest rate cuts

✅ No hint at resignation

❗ The speech was commemorative, not policy-driven.

Conclusion: A nod to institutional legacy — not market-moving, but a reminder of the Fed’s global footprint.