#PowellRemarks delivered an important speech yesterday, where he provided clarifications on monetary policy and inflation. Here are more details about the speech and its impacts:

*Key Statements by Powell:*

- *Inflation*: Powell confirmed that the Fed is working to reduce inflation to its target of 2%. He noted that inflation is still slowly declining as a result of recovering from the major economic shocks that occurred in 2021 and 2022.

- *Interest Rate*: The benchmark interest rate was lowered by 25 basis points to a range of 4.25%-4.5%. This decision reflects a monetary policy aimed at achieving economic stability while continuing to face inflation challenges.

- *The U.S. Economy*: Powell pointed out that the U.S. economy is performing quite well, and there are no reasons to believe that economic recession is more likely than usual.

*Impact of Powell's Speech on the Markets:*