#PowellRemarks #PowellRemarks: Fed Chair Jerome Powell emphasized the economy is in a solid position with a low unemployment rate, near maximum employment. However, inflation remains above the 2% target, partly due to expected tariff impacts. The FOMC held rates steady, projecting two cuts this year, but stressed data dependency. Powell noted the labor market isn't a significant source of inflationary pressure, yet forecasts show slightly higher unemployment and slower growth, alongside elevated inflation, highlighting ongoing uncertainty.