#PowellRemarks Jerome Powell, Chair of the Federal Reserve, recently made significant remarks following the Federal Open Market Committee (FOMC) meeting on June 18, 2025. Here's a summary of the key takeaways from his statements:

Interest Rates:

* Rates held steady: The Fed decided to keep the federal funds rate unchanged at a range of 4.25% to 4.5%. This marks the fourth consecutive meeting they've held rates steady.

* Two cuts still projected for 2025: Despite the pause, the Fed's latest "dot plot" (Summary of Economic Projections) still indicates that policymakers expect to cut rates twice by the end of 2025. This suggests a potential 50 basis point reduction in total. However, Powell cautioned against putting too much conviction in these forecasts, as they are data-dependent and subject to change.

Inflation: