#PowellRemarks Chairman Jerome Powell recently shared his views on the US economy and monetary policy. Here are some key points from his remarks:

- *Review of the Strategic Framework*: Powell discussed the review of the Federal Open Market Committee (FOMC) strategic framework for 2025, which includes three main elements: a conference, the "Fed Listens" event at the Federal Reserve Bank, and discussions and deliberations among policymakers in a series of FOMC meetings.

- *Economic Changes*: Powell emphasized that the economic structure continues to evolve, and monetary policy needs to be adjusted. He highlighted significant changes in the economic environment since 2020, including rising long-term interest rates and changes in inflation projections.

- *Inflation*: Powell discussed the 2% inflation target and how the FOMC has worked to achieve that goal. He also highlighted the success in reducing inflation without a sharp increase in unemployment.

- *Interest Rates*: Powell talked about the possibility of future interest rate changes and how the FOMC will continue to monitor economic conditions to make appropriate policy decisions.

- *Communication*: Powell emphasized the importance of clear and effective communication in monetary policy, especially during times of economic uncertainty.

In his remarks, Powell also discussed several other topics, including

- *Lessons from the Pandemic*: Powell discussed how the COVID-19 pandemic has affected the economy and monetary policy.

- *Changes in Policy Framework*: Powell talked about potential changes in the FOMC monetary policy framework to address future economic challenges.

Powell stressed that maintaining stable inflation expectations is crucial for the success of monetary policy. He also highlighted the importance of clear and effective communication in monetary policy to enhance policy effectiveness and transparency.