š£ļøFed Chair Jerome Powell:
ā¢We may be more cautious about cutting rates.
ā¢We do not have a predetermined trajectory on interest rates.
ā¢Policy is less restrictive now than when the rate cuts began.
ā¢Policymakers' interest rate projections are higher for next year, consistent with higher inflation.
ā¢We think inflation risks and uncertainties are higher.