#PowellRemarks
Fed Chair Jerome Powell’s Key Messages
At the June 18 press conference, Fed Chair Jerome Powell emphasized a cautious, data‑driven approach. The Federal Reserve held interest rates steady at 4.25–4.50%, noting the U.S. economy remains solid—employment is near maximum while inflation, though eased, remains slightly above the 2% target .
Powell highlighted that recent tariff increases are “likely to push up prices and weigh on economic activity,” prompting the need for more data before any policy shifts . He also stressed federal statistical agencies must be fully funded to maintain accurate data—a vital “public good” . Powell reaffirmed Fed independence amid political pressure and underscored patience in balancing inflation and employment.
Fed Chair Jerome Powell’s Key Messages
At the June 18 press conference, Fed Chair Jerome Powell emphasized a cautious, data‑driven approach. The Federal Reserve held interest rates steady at 4.25–4.50%, noting the U.S. economy remains solid—employment is near maximum while inflation, though eased, remains slightly above the 2% target .
Powell highlighted that recent tariff increases are “likely to push up prices and weigh on economic activity,” prompting the need for more data before any policy shifts . He also stressed federal statistical agencies must be fully funded to maintain accurate data—a vital “public good” . Powell reaffirmed Fed independence amid political pressure and underscored patience in balancing inflation and employment.