#PowellRemarks Federal Reserve Chair Jerome Powell's recent remarks have underscored the central bank's cautious approach to monetary policy amidst evolving economic conditions. While acknowledging that inflation has significantly eased, Powell reiterated that it remains somewhat elevated above the Fed's 2% target. He emphasized the ongoing strength of the labor market, with unemployment remaining low.
A key focus of his statements has been the uncertainty surrounding the impact of tariffs on inflation, suggesting that these could push up prices in the coming months. The Fed maintained interest rates unchanged, with projections hinting at two rate cuts later this year, though this remains data-dependent. Powell stressed the Fed's commitment to achieving both maximum employment and price stability, signaling patience in their policy decisions to ensure a sustainable path for the economy.