#PowellRemarks Jerome Powell's recent remarks, following the Federal Reserve's decision to maintain interest rates, emphasized the Fed's dual mandate of maximum employment and stable prices. He acknowledged that while inflation has significantly decreased, it remains somewhat above the 2% target, partly due to the impact of tariffs. Powell stressed the labor market remains strong and is not a significant source of inflationary pressure. He indicated that the Fed would remain patient, assessing incoming data, particularly on inflation, before considering any adjustments to monetary policy. The uncertainty surrounding tariffs and their potential to push up prices further was a key factor in the Fed's decision to hold rates steady.