#PowellRemarks Federal Reserve Chair Jerome Powell recently stated that interest rates will remain steady as the Fed monitors inflation and labor data. He warned that new tariffs could increase consumer prices, contributing to temporary inflation pressure. While the labor market remains strong, signs of slower hiring are emerging. Powell emphasized a data-driven approach, saying future rate cuts depend on clear progress toward the 2% inflation target. The Fed’s policy committee is divided—some anticipate rate cuts this year, while others prefer holding. Powell stressed the need for caution amid economic uncertainties, including geopolitical tensions and fiscal policy changes affecting the inflation outlook.