#PowellRemarks

Federal Reserve Chair Jerome Powell recently indicated that while inflation has eased from its peak, it remains too high to justify immediate interest rate cuts. Speaking at a policy forum, Powell emphasized the need for further evidence that inflation is moving sustainably toward the Fed’s 2% target. He acknowledged the strength of the U.S. economy and labor market, which gives the central bank room to be patient. Powell also stated that recent data suggests progress on inflation has stalled, reinforcing the Fed’s cautious stance. His remarks signal that the Fed is unlikely to reduce rates in the near term, disappointing investors hoping for quicker relief. The focus now remains on incoming economic data and inflation trends.