#PowellRemarks Federal Reserve Chair Jerome Powell recently delivered remarks following the Fed’s decision to keep interest rates steady at 4.25% to 4.5% for the fourth consecutive meeting43dcd9a7-70db-4a1f-b0ae-981daa162054. Powell emphasized the need for patience amid ongoing economic uncertainty, particularly surrounding the Trump administration’s tariff policies and their impact on inflation and growth43dcd9a7-70db-4a1f-b0ae-981daa162054.

President Trump, however, didn’t hold back—he sharply criticized Powell, calling him “stupid” and accusing him of costing the country billions by refusing to cut rates43dcd9a7-70db-4a1f-b0ae-981daa162054. Trump even joked about appointing himself as Fed Chair43dcd9a7-70db-4a1f-b0ae-981daa162054.

Despite the political pressure, Powell reiterated that the Fed is “well positioned to wait for greater clarity” before making any policy changes43dcd9a7-70db-4a1f-b0ae-981daa162054. Inflation remains slightly above the Fed’s 2% target, and unemployment is holding steady at 4.2%43dcd9a7-70db-4a1f-b0ae-981daa162054.