Federal Reserve Chair Jerome Powell emphasized that inflation remains above target levels during the latest FOMC press conference. Powell reiterated the Fed's commitment to its dual mandate of price stability and maximum employment. He noted that recent data indicates a slowdown in economic growth, but the current policy stance provides flexibility to respond to changing conditions. Powell also addressed the impact of tariffs, acknowledging that they have added inflationary pressure on certain goods, though the broader impact remains uncertain. No decisions have been made regarding potential policy changes at the upcoming September meeting.