#PowellRemarks

The Federal Reserve kept the interest rate at the range of 4.25%–4.50% for the fourth consecutive time.

Powell confirmed that the future path is not entirely clear, but it is likely that there will be two rate cuts in 2025, although he indicated 'uncertainty' in the economy.

He expressed concern about the impact of tariffs on inflation, urging caution and data-driven decision-making.

He warned of the risks of persistent inflation and declining economic growth (inflation is present and minimal growth is expected); and pointed out that the likelihood of a recession driven by high inflation remains.