#PowellRemarks Fed Chair Powell reiterated the Federal Reserve’s decision on June 18, 2025, to keep interest rates steady at 4.25–4.50%, emphasizing a cautious and data-driven approach . He highlighted growing uncertainty from Trump’s tariffs and global events, warning of “meaningful” inflation pressures that must be contained before considering cuts . Powell noted labor market strength remains intact and unemployment stable—no signs of overheating—but stressed that inflation must demonstrably decline before rate adjustments . Although the dot‑plot projects two cuts this year, any action hinges on clear evidence of easing inflation.