#PowellRemarks

Jerome Powell addressed the press after the recent FOMC meeting, where interest rates were held steady. He acknowledged that while economic uncertainty has lessened, it remains "elevated." Powell noted that goods inflation is expected to accelerate this summer due to tariffs, a factor the Fed is closely monitoring. Despite some political pressure for cuts, the Fed is taking a patient, data-driven approach, emphasizing that the strong labor market allows them to wait for clearer signals on inflation's trajectory before adjusting policy. Two rate cuts are still forecast for 2025.