#PowellRemarks The Fed stays the course: interest rates stable between 4.25% and 4.5%. Jerome Powell reaffirmed the central bank's commitment to its dual mandate, maximum employment and price stability, despite uncertainties related to tariffs and geopolitical tensions. Two rate cuts are expected for 2025, but will depend on economic data. Powell also warned of a potential rise in inflation due to tariffs and defended the Fed's independence against political pressures.