#PowellRemarks Federal Reserve Chair Jerome Powell reaffirmed the central bank's cautious stance on interest rates during his latest remarks. He acknowledged recent progress in lowering inflation but emphasized the need for further evidence before cutting rates. Powell stated that while the labor market remains strong, the Fed must be confident that inflation is moving sustainably toward its 2% target. He also noted that holding rates steady allows policymakers time to assess evolving economic data. Markets responded with slight volatility as investors recalibrated expectations. Powell’s comments underscore the Fed’s data-dependent approach amid lingering uncertainty in the U.S. economic outlook.