#PowellRemarks Federal Reserve Chair Jerome Powell recently made remarks on the economic outlook, highlighting progress in reducing inflation while maintaining a strong labor market. Key points include ¹ ²:

- *Inflation Reduction*: Powell expressed confidence that inflation is on a sustainable path back to 2%, citing a 4.5 percentage point decline in inflation from its peak in 2022.

- *Labor Market*: The labor market has shown resilience, with low unemployment and healthy real wage gains, especially benefiting lower-income individuals.

- *Monetary Policy*: Powell emphasized the Fed's commitment to restoring price stability while supporting maximum employment, with a data-driven approach to future policy decisions.

- *Economic Outlook*: The Fed projects economic growth to slow to 1.4% this year, with core PCE inflation forecast at 3.1% and unemployment edging up to 4.5% by year-end.