When asked about the Fed's potential response to Trump's policies, Powell said the central bank would ultimately make its decisions based on how any policy changes could impact the economy. ????? ???????  

The trajectory of inflation could shift in the coming months. Trump’s proposals of heightened tariffs and the mass deportation of undocumented immigrants are widely expected to raise consumer prices, experts previously told ABC News. ????????????  

"We continue to be confident that with an appropriate recalibration of our policy stance, strength in the economy and labor market can be maintained with inflation moving sustainably down to 2%," Powell said. ?????  

Speaking at a press conference in Washington, D.C. on Thursday, Fed Chair Jerome Powell voiced optimism about the prospects for achieving a "soft landing," in which the U.S. averts a recession while inflation returns to normal. ????? ???????  

The move comes two months after the Fed cut its benchmark interest rate a half of a percentage point, dialing back its yearslong fight against inflation and delivering relief for borrowers saddled with high costs. ????????????