In the March 20, 2024, press conference, Powell outlined the Fed's stance on interest rates and inflation, emphasizing a cautious approach:

⚫️Rapid rate cuts risk reversing gains in inflation control

⚫️Interest rates might have hit their peak, with no further increases expected

⚫️A weakening labor market could prompt intervention

⚫️The Fed is ready to sustain higher rates as long as necessary to combat inflation

⚫️Achieving closer to 2% inflation requires more certainty in economic trends