Powell: The Federal Reserve maintains its expectation of two rate cuts in 2025

ChainCatcher message, Federal Reserve Chairman Powell stated in a keynote speech on the economic outlook: weak economic growth and rising inflation offset each other, which will lead the Federal Reserve to maintain its expectation of two rate cuts in 2025.

Tariffs are very likely to cause prices to rise in the short term, and the impact on prices may also be more lasting. The Federal Reserve's responsibility is to ensure that long-term inflation expectations remain stable.