💬Key Takeaways from Federal Reserve Chairman Jerome Powell's Speech:
✔️ Overall, the economy is strong;
✔️ Inflation has significantly decreased but remains above the 2% target;
✔️ Today's decision reflects growing confidence that labor market stability can be maintained;
✔️ Our approach demonstrates its effectiveness;
✔️ The risks of rising inflation have decreased, while the risks of weakening in the labor market have increased;
✔️ We will adjust policy if necessary;
✔️ If the economy remains stable and inflation stays firm, the Fed will slow down monetary easing;
✔️ The Fed may lower rates faster or slower, or pause, if appropriate.
