#PowellRemarks Jerome Powell's recent remarks indicate the Federal Reserve is maintaining a cautious stance on interest rates. While inflation has cooled, new tariffs are expected to push prices higher, leading the Fed to revise its inflation forecast upward for 2025. Despite this, the Fed still projects two rate cuts this year, although some policymakers are more hesitant. Powell stressed that the strong job market allows the Fed to be patient and assess the full impact of these tariffs before making further policy adjustments. He emphasized the uncertainty surrounding the magnitude and duration of the tariff-induced inflation.