#PowellRemarks **Fed Holds Steady Amid Tariff Uncertainty**

Chair Jerome Powell emphasized the Federal Reserve's data-dependent stance, keeping interest rates unchanged at 4.25%-4.50% despite political pressure. He warned that President Trump’s tariffs risk higher inflation and slower growth, creating a "highly uncertain outlook" for the economy .

🔹 **Rejects Political Influence**

Powell reiterated the Fed’s independence, stating policy adjustments will be based solely on economic indicators to fulfill the dual mandate of maximum employment and stable prices. He dismissed calls for premature rate cuts, asserting the economy’s current strength allows patience .

🔹 **Market Caution Prevails**

With tariffs paused until July 9, Powell noted the Fed needs clarity before acting. Traders anticipate rate cuts later this year, but the Fed remains in "wait-and-see" mode amid volatile trade dynamics .