Jerome Powell Speech Today LIVE: The United States Federal Reserve Chairman, Jerome Powell, addressed the Greater Providence Chamber of Commerce event, which is hosted in Warwick, Rhode Island, United States, on Tuesday, 23 September 2025.
Here’s what Jerome Powell said…
Fed Chair Powell said that the FOMC committee will carefully assess and manage the risk to make sure that the one-time increase in prices does not become an ongoing problem in the US economy.
“We will carefully assess and manage the risk of higher and overseas. Inflation will make sure that this one-time increase in prices does not become an ongoing problem,” said Powell.
Jerome Powell said that raising interest rates too quickly could allow inflation to remain at an elevated level.
“If we ease too aggressively, we could leave the inflation job unfinished and need to reverse course later to fully restore two-percent inflation,” said Powell in his speech.
Powell said that even though the US economy is witnessing substantial changes in trade and immigration policies, the nation shows ‘resilience’. He even said that the impact of the immigration policies, along with other trade dynamics, will take some time to reflect.
“The US economy is showing resilience in the midst of substantial changes in trade and immigration policies, as well as in fiscal, regulatory and geopolitical arenas. These policies are still emerging, and their longer-term implications will take some time to be seen,” said Powell in his speech.
Fed Chair Powell talked about the economic outlook of the United States for the first time since the Federal Reserve’s Federal Open Market Committee (FOMC) cut the key benchmark interest rate by 25 basis points on Wednesday, 17 September 2025.
US Fed Rate Cut
US Federal Reserve’s FOMC on Wednesday, 17 September 2025, decided to cut the key benchmark interest rate by 25 basis points and said that the committee will keep assessing incoming data, the evolving outlook, and the balance of risks to decide if more rate cuts are required.
Mint reported earlier that the FOMC committee voted in favour of a 25-basis-point rate cut by an 11:1 majority.
“The committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4 to 4-1/4 per cent. In considering additional adjustments to the target range for the federal funds rate, the committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” said the US Fed in its official announcement.
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