#PowellRemarks Chair Powell held rates steady at 4.25‑4.50% and reiterated the Fed projects two cuts this year, though timing is data‑dependent. He emphasized a cautious, patient approach due to strong labor market and unclear inflation outlook, particularly amid tariff pressures.

Powell noted that recent economic data and tariffs could drive inflation higher, arguing that someone must "bear the cost of tariffs." He stressed the importance of robust government data infrastructure for informed decision‑making. Markets softened during his press conference as investors responded to his dovish‑tone pause.