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Federal Reserve Chair Jerome Powell reiterated the Fed's commitment to controlling inflation, emphasizing a wait-and-see approach regarding further policy adjustments. He cited strong economic growth and full employment but noted inflation remains above the 2% target, with uncertainty surrounding the impact of tariffs. Powell's cautious stance may further strain his relationship with President Trump, who has publicly criticized him. Powell will present his remarks to Congressional committees this week.

Prepared by Christopher Adams and reviewed by editorial team.