#PowellRemarks

SUMMARY OF FED CHAIR POWELL'S REMARKS (06/19/2025)

- The Fed's inflation forecast for this year is higher due to tariffs.

- Time is needed to assess the impact of inflation.

- It is reasonable to expect that there may come a time to cut interest rates.

- The Fed will make “more prudent” decisions if it waits a few more months.

- The Fed forecasts a “significant” level of inflation in the coming months, while the unemployment rate remains at a “reasonable” level.

- The Fed is currently in a favorable position to wait before making policy adjustments.

- Mr. Jerome Powell declined to directly answer questions about the recent harsh comments from President Trump.