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

*Main statements from Powell:*

- *Inflation*: Powell confirmed that the Federal Reserve is working to bring inflation back to its target of 2%. He indicated that inflation continues to slowly decrease due to the recovery from major economic shocks that occurred in 2021 and 2022.

- *Interest rates*: The base interest rate has been 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 the challenges of inflation.

- *American economy*: Powell mentioned that the American economy is performing very well and there is no reason to believe that an economic recession is more likely than usual.

*Impact of Powell's speech on the markets