#PowellRemarks
In the last #PowellRemarks , Jerome Powell, the Chairman of the Federal Reserve, reaffirmed the central bank's commitment to fighting inflation while maintaining market stability. He indicated that interest rates will remain high for longer than expected if inflation continues to exceed the target set at 2%. He also emphasized the importance of upcoming economic data in guiding monetary policy decisions. His statements affected financial markets, as optimism regarding an imminent rate cut diminished, leading to volatility in stock and bond markets. Investors are closely monitoring Powell's remarks to understand the Fed's upcoming direction and assess its impact on the U.S. economy.
