#PowellRemarks

Jerome Powell, the Chairman of the Federal Reserve, announced that inflation remains high despite improvements in some indicators. He confirmed that monetary policy decisions will be based on incoming data and does not rule out raising interest rates again if necessary, but he did not specify a timeline for lowering the current interest rates, which raised concerns among investors on Wall Street and elicited mixed reactions in global stock markets, especially in the interest-sensitive technology sector. Powell indicated that the inflation path needs more positive evidence before taking any new action and emphasized that the Federal Reserve's primary goal is price stability while maintaining sustainable economic growth amid signs of slowing growth and increasing pressures on consumers. This uncertainty about timing keeps investors on cautious alert for movements in financial markets in the coming period.