#PowellRemarks

#PowellRemarks following his June 18 Fed press conference:

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📣 #PowellRemarks: Fed Chair Jerome Powell doubles down on the Fed's independence and data-driven strategy:

🔒 Rates held steady (4.25–4.50%)—a fourth consecutive pause, resisting political pressure.

🔍 Inflation risk ahead: He warned of “meaningful” inflation coming from tariffs and global conflicts, and raised the 2025 core PCE forecast to ~3% (up from ~2.7–2.8%).

🤔 Dual mandate tension: Acknowledged balancing stable prices and maximum employment amid economic slowdowns and sticky price growth.

🗓️ Rate-cut uncertainty: The dot plot still eyes two cuts this year—but fewer officials expect cuts, and Powell emphasized patience, acting only when US inflation cools.

📊 Data dependence: Emphasized the importance of strong economic data and warned against government cutbacks to statistical agencies that feed Fed decision-making.

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Post Copy Suggestion:

> 🏦 #PowellRemarks: Fed holds rates at 4.25–4.50%, vows data-driven path. Inflation from tariffs & global uncertainty looms; dot plot still ponders 2 cuts, but Powell stresses caution. “Meaningful inflation” ahead—#Fed independence intact.

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Contextual takeaways:

Markets initially cheered the outlook for cuts, but Powell’s tone brought Treasury yields higher.

Political pressure is intense—Powell rebuffed Trump’s calls for rate cuts and even a slur, doubling down on the Fed’s autonomy.