#PowellRemarks Federal Reserve Chair Jerome Powell signaled a cautious, data-driven approach in the latest FOMC press conference. The Fed held interest rates steady at 4.25–4.5%, while projecting two possible rate cuts by late 2025. Powell highlighted inflation risks from new tariffs, noting, “someone has to pay,” which could sustain price pressures. He also pointed to geopolitical tensions and Middle East instability as complicating economic factors. Powell defended the importance of reliable government data and reaffirmed the Fed’s independence amid political pressures. The central bank remains focused on achieving its dual mandate: maximum employment and stable 2% inflation.