POWELL PRESS CONFERENCE

Powell’s Key Remarks
Interest rates held at 4.25–4.50% — Powell affirmed that the Federal Reserve will keep rates unchanged for now and signaled that two rate cuts could occur later this year, contingent on evolving economic data .
Raised inflation outlook — The Fed’s forecast for inflation was revised up to approximately 3% for 2025. Growth projections were trimmed, reflecting heightened uncertainty f
Data‑dependence emphasized — Powell stressed that all policy decisions will be driven by incoming economic data—not external political pressure. He reaffirmed Fed independence in response to calls from President Trump to lower rates faster