#PowellRemarks Jerome Powell, Chair of the Federal Reserve, has made several notable remarks on monetary policy and the economy.

Recent Remarks

- *Dovish Remarks at Jackson Hole*: Powell signaled upcoming rate cuts in September, emphasizing confidence in inflation control and acknowledging cooling labor market conditions. This led to a positive market reaction, with treasury yields falling and US equity futures rising.

- *Rate Pause*: Powell promoted a rate pause in his final remarks before the upcoming Fed meeting, citing a favorable economic outlook but also noting "cross-currents" that require patience.

- *Monetary Policy*: Powell emphasized the Fed's commitment to bringing inflation down and signaled that policymakers aren't in a rush to push interest rates lower.

Economic Outlook

- *Strong Growth*: Powell noted that the US economy is performing well, with strong growth and low unemployment. However, he also acknowledged that the economy is uncertain and that progress toward the 2% inflation objective is not assured.

- *Interest Rate Cuts*: Powell mentioned that the Fed expects to cut interest rates later this year if the economy evolves broadly as expected.

Key Quotes

- "The time has come" for rate cuts, Powell said at the Jackson Hole Symposium.

- "If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year," Powell said in prepared remarks.