Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

1. Powell affirms Fed's commitment to reducing inflation but cautions against rapid rate cuts. 2. The economy is strong, with an easing inflation rate above the 2% target. 3. Markets expect a rate hold into summer after a recent 1% reduction. 4. Current rate is 4.25%-4.5%, offering flexibility in monetary policy. 5. Tariffs and fiscal dynamics create uncertainty, impacting future monetary policy decisions.