💬 Jerome Powell, the Fed Chair, announced during the conference on June 18, 2025, that interest rates will remain at 4.25–4.50%, with expectations of two cuts by the end of the year, but based on data first.
📈 He confirmed that the new tariffs will be passed on to consumers, which will increase inflation in the summer.
⚠️ Powell emphasized that interest rate expectations are 'uncertain' and depend on inflation and employment data.
🤝 He mentioned that the independence of the central bank is important, despite political pressures, and rejected relying on 'hints without data'.