#PowellRemarks Federal Reserve Chair Jerome Powell recently delivered remarks at the Division of International Finance 75th Anniversary Conference on June 2, 2025. Here are some key points from his speech¹ ²:

- *Condolences to Stanley Fischer's Family*: Powell began by offering condolences to the family and friends of former Vice Chair Stanley Fischer, a renowned economist and mentor.

- *Importance of International Finance Division*: He highlighted the crucial role of the International Finance division in providing insights into global economic activity, international trade, and capital flows, which inform monetary policy decisions.

- *75 Years of Service*: Powell congratulated the division on its 75 years of outstanding work, acknowledging its contributions during episodes of global financial stress and its research on international capital flows.

- *Global Economic Landscape*: He discussed the evolving global economy, noting that the end of the Bretton Woods era in the 1970s significantly changed the conduct of monetary policy, requiring policymakers to understand the effects of volatile U.S. dollar movements.

- *Monetary Policy Decisions*: Powell emphasized the importance of understanding global trade and capital movements in anticipating employment and inflation trends, which is essential for making informed monetary policy decisions.

Additionally, Powell's remarks touched on the division's development of sophisticated macroeconomic models, which have expanded the capability to analyze complex global economic issues. You can find more information on Powell's speeches and testimonies on the Federal Reserve Board's website.