#PowellRemarks Today, the Chair of the Federal Reserve System, Jerome Powell, confirmed the unchanged interest rate at the level of 4.25–4.50%, but noted the growing inflationary risks – primarily due to the consequences of U.S. tariff policy. He warned of the likely sustained increase in prices and advised to "passively observe" the data before making decisions regarding rate cuts.

Powell emphasized that the key challenge is to prevent a one-time increase in prices from turning into ongoing inflation. He also warned about the reduction of government statistics – as weak data harms decision-making.

As before, the Committee expects two rate cuts by the end of the year, but the situation remains uncertain: The cuts may not occur.