#PowellRemarks

Jerome Powell, Chair of the Federal Reserve, has made several notable remarks recently. Here are some key points ¹ ² ³:

- *Public Service*: Powell emphasized the importance of public service in his baccalaureate remarks at Princeton University, encouraging graduates to serve their fellow citizens and preserve democracy. He believes that everyone who has been given much will be demanded much from.

- *Economic Outlook*: Powell discussed the economic outlook, stating that the Fed is well-positioned to wait for greater clarity before considering policy adjustments. He noted that elevated unemployment or inflation can be damaging and painful for communities, families, and businesses.

- *Monetary Policy*: Powell mentioned that the Fed will continue to analyze incoming data, the evolving outlook, and the balance of risks. He emphasized the importance of keeping longer-term inflation expectations well-anchored.

- *Tariffs and Inflation*: Powell discussed the potential impact of tariffs on inflation, stating that they are highly likely to generate at least a temporary rise in inflation. He noted that avoiding an ongoing inflation problem will depend on the size of the effects and keeping longer-term inflation expectations anchored.

- *Global Economy*: Powell highlighted the importance of understanding global trade and capital movements, citing the Fed's Division of International Finance's 75 years of outstanding work in this area. He emphasized the need for the Fed to be globally knowledgeable and responsive to deliver on its dual mandate.

Some notable speeches and remarks by Powell include ¹ ³:

- *Baccalaureate Remarks*: Powell's speech at Princeton University on May 25, 2025, where he emphasized the importance of public service and integrity.

- *Opening Remarks*: Powell's speech at the Division of International Finance 75th Anniversary Conference on June 2, 2025, where he discussed the importance of understanding global trade and capital movements.

- *Testimony*: Powell's testimony on the semiannual Monetary Policy Report to Congress on April 16,