#PowellRemarks

Jerome Powell’s latest press briefing reinforced the Fed’s cautious stance amid lingering inflation risk. While interest rates remain steady at 4.25–4.50%, Powell warned that tariffs and global tensions could drive inflation higher in the coming months—and “someone has to pay for the tariffs” . He described the outlook as “foggy,” noting that uncertainty remains elevated despite cooling labor-market pressures . Although the Fed still anticipates two cuts by year-end, several officials now expect none . Powell’s remarks underscore a data‑driven, independent Fed balancing inflation control and economic resilience