#PowellRemarks

In his latest address, Federal Reserve Chair Jerome Powell reaffirmed the Fed’s commitment to its dual mandate—full employment and 2% inflation—while keeping interest rates unchanged. He highlighted economic resilience, with steady job growth and slowing but still-elevated inflation. Powell warned of renewed inflationary pressure due to global trade tensions and tariffs, stressing a cautious, data-driven approach before any rate adjustments. He also expressed concern about declining federal data quality, warning it could impair policy decisions. Despite market hopes for cuts in late 2025, Powell emphasized patience and vigilance, underscoring the Fed’s independence and focus on sustainable, long-term economic stability.