Federal Reserve Chair Jerome Powell signaled that interest rates may remain higher for an extended period to control inflation, citing strong job gains and persistently elevated services-sector prices. Powell emphasized that while overall economic growth continues, underlying inflation pressures, particularly in services, require sustained monetary policy vigilance. Analysts noted that the Fed’s stance suggests caution in future rate cuts, highlighting the central bank’s commitment to price stability. Markets responded with increased focus on inflation data and potential impacts on borrowing costs and investment decisions.