🗣️Fed Chair Jerome Powell:
•I can imagine scenarios ranging from zero to multiple rate cuts this year, depending on how the economy develops.
•We need more good data.
•The downside risks to the Fed’s full employment mandate are real right now.
•There was serious discussion at this meeting about cutting rates.
•A strong majority at the FOMC meeting supported keeping rates unchanged.
•A lot of data coming between now and September.
•I feel good about where we are.
•We are well positioned to respond to any weakness in the economy.
•The time to cut rates is approaching.
•We are not considering a 50 basis point cut right now.
