#PowellRemarks Here’s a refined 100‑word summary of Chair Powell’s key remarks from his June 18 press conference:
Federal Reserve Chair Jerome Powell reaffirmed the Fed’s dual mandate—promoting maximum employment and stable prices—while holding rates at 4.25–4.5% . He warned that tariffs could drive “a meaningful amount of inflation” and emphasized caution in considering future cuts ([barrons.com][2]). Powell noted uncertainty remains high and urged humility when interpreting forecasts, describing the dot plot as lacking conviction . He stressed reliance on quality economic data and voiced concern over budget cuts to agencies like BLS . The Fed will continue monitoring developments before adjusting policy.