Jerome Powell, Chairman of the US Federal Reserve (Fed), signalled caution regarding an imminent cut in the key interest rate. During his appearance at Stanford University in Palo Alto, he emphasized the need to observe additional economic data before taking action.

Powell emphasized that interest rates would only be lowered once inflation sustainably moves towards the 2 percent target. "We have the time to be guided by the upcoming data," said Powell.

Despite a Rise in Inflation Rate in February, Fed Chair Sees No Fundamental Change in the Big Picture from Recent Data. The Central Bank Recently Kept Its Key Interest Rates Steady, with Market Expectations Predicting a First Rate Cut by Summer.

Powell's Statements Led to an Appreciation of the Euro Against the US Dollar, Which Rose to a Daily High of $1.0836. At the Same Time, Yields in the US Bond Market Fell, While the US Stock Markets Recorded Slight Gains.

Nevertheless, there were no major price movements. This cautious stance reflects uncertainty about economic development and inflation dynamics, while the Fed aims for a balanced approach between growth stimulation and inflation control.