During Chair Powell's press conference on June 18, 2025, he reaffirmed the Federal Reserve's commitment to its dual mandate of maximum employment and stable prices amidst a stable economic landscape. The unemployment rate is low at 4.2%, and key indicators suggest a balanced labor market, though wage growth is moderating. Inflation remains slightly above the Fed's long-term target of 2%, with recent PCE estimates indicating a rise to 3%. The FOMC decided to leave interest rates unchanged at 4¼ to 4½ percent, opting to assess economic developments further, particularly concerning tariffs and their potential inflationary impacts. Powell emphasized the importance of forward-looking monetary policy and indicated that while economic risks remain, the current stance allows for timely adjustments as new data emerges. Discussions on a framework review were noted, with expectations for modificational clarity in communication and policy strategies continuing to evolve.