#PowellRemarks Federal Reserve Chair Jerome Powell on June 18, 2025 maintained rates at 4.25–4.5%, emphasizing a data‑dependent approach amid growing uncertainty from tariffs and global tensions . He warned of “meaningful” inflation likely due to levy policies, with the Fed projecting two rate cuts later this year but resisting political pressure for earlier reductions . Powell noted economic growth slowing to ~1.4% in 2025, with inflation near 3% and unemployment rising to ~4.5% . He reaffirmed the Fed’s independence and its readiness to act if incoming data justifies adjustments .