#PowellRemarks "Fed Chair Jerome Powell's recent remarks have provided valuable insights into the current economic landscape. Here are some key takeaways¹:

- *Interest Rates*: The Fed has kept its key interest rate steady at 4.25%-4.5%, citing economic uncertainty and a need for clarity.

- *Rate Cuts*: Powell mentioned two potential rate cuts in 2025, aiming to adjust the Federal Funds Rate to 3.75%-4%.

- *Economic Outlook*: Despite uncertainty, the economy remains strong, with low unemployment (around 4%) and stable interest rates.

- *Inflation*: The Fed is monitoring inflation closely, with projections indicating a slight increase to 3% in the near term.

- *Uncertainty*: Powell acknowledged uncertainty surrounding the economic outlook, emphasizing the need for caution.

- *Public Service*: In a separate speech, Powell encouraged graduates to consider public service, highlighting its importance in shaping the country's future.

- *Monetary Policy*: The Fed is committed to achieving maximum employment and price stability, analyzing incoming data to inform policy decisions.