🗣️Fed President Jerome Powell:
• Our economy continues to show robust growth and a strong labor market.
• Significant progress has been made in tackling inflation.
• The downward trend in inflation appears poised to continue.
🗣️Fed President Jerome Powell:
• We need to ensure greater safety before reducing the policy rate. More consistent data, like recent trends, is necessary.
• The disinflation trend is showing signs of resurgence. We are getting back on the disinflationary track.
