#PowellRemarks

Federal Reserve Chair Jerome Powell emphasized a cautious approach to interest rate policy during his latest remarks, highlighting the need for more evidence that inflation is sustainably moving toward the 2% target. Powell acknowledged progress in taming inflation but noted that recent data does not yet justify a rate cut. He stressed that while the labor market remains strong, risks of both over-tightening and under-tightening persist. Powell reiterated the Fed's commitment to a data-dependent strategy, reassuring markets that policy will adjust as conditions evolve. Investors are now recalibrating expectations for any rate moves in the latter half of 2025.$BTC