Following the Fed’s decision to keep interest rates unchanged, Chairman Jerome Powell held his customary press conference. Here are the key takeaways from Powell’s remarks:

• U.S. Economic Strength:
  The U.S. economy remains fundamentally strong, though surveys indicate increased uncertainty.
• Cautious Approach to Monetary Policy:
  The Fed sees no urgency in adjusting monetary policy and prefers to await greater clarity.
• Inflation Expectations Rising:
  Recent U.S. tariff policies have driven inflation expectations higher.
• Recession Risk Increased, but Still Low:
  While the probability of a recession in the U.S. has risen, it remains relatively low overall.