#PowellRemarks Jerome Powell, the Federal Reserve Chair, recently made remarks on the economic outlook. Here are the key points ¹ ² ³:

- *Inflation*: Powell emphasized the Fed's commitment to achieving a 2% inflation target, noting progress but acknowledging that inflation remains above the goal.

- *Interest Rates*: The Fed is cautious about rate cuts, prioritizing data-driven decisions to ensure inflation sustains a downward trend toward 2%.

- *Economic Growth*: Powell highlighted a strong overall economy with solid growth and a labor market that remains solid despite some cooling.

- *Monetary Policy*: The Fed aims to maintain restrictive policy until inflation reaches the target, balancing the risks of overtightening and undershooting its goals.

Powell's communication style has been noted for its impact on market volatility, with some studies suggesting his remarks trigger more pronounced market reactions compared to his predecessors ¹.