#PowellRemarks
Key Highlights from Jerome Powell’s June 18, 2025 Address:
🔍 Interest Rates Unchanged: The Federal Reserve kept rates steady, with Powell stressing that future moves will hinge on incoming economic indicators.
📊 Potential for Cuts Remains: While two rate reductions are penciled in for 2025, they're not assured — everything depends on inflation trends and economic momentum.
⚠️ Tariff Effects Looming: Powell flagged that new import tariffs could significantly boost inflation levels.
📉 Dimming Outlook: The Fed revised its 2025 projections downward — GDP growth is now seen at 1.4%, inflation at 3%, and unemployment expected to rise to 4.5%.
📉 Cautious Approach: Powell urged patience, saying policymakers should wait “a couple of months” for clearer signals before altering course.
🧭 Stance on Autonomy: He pushed back against any political interference, affirming that the Fed’s policy choices remain independent of election dynamics.
📉 Worry Over Data Reliability: Powell expressed concern that federal budget cuts to statistical agencies could impair the Fed’s ability to make informed decisions, comparing it to “flying blind.”