๐Ÿ“ฃ Jerome Powell's Latest Statements on Monetary Policy: Key Points:

๐Ÿ‡บ๐Ÿ‡ธ Interest Rates: The Federal Reserve will proceed with caution before deciding to lower interest rates. Ensuring stability and accuracy in timing is crucial.

๐Ÿ‡บ๐Ÿ‡ธ Labor Market: Any unexpected weakening in the labor market will prompt immediate action from the Federal Reserve.

๐Ÿ‡บ๐Ÿ‡ธ Timing of Rate Cuts: There is a clear awareness of the risks associated with both premature and delayed interest rate cuts.

๐Ÿ‡บ๐Ÿ‡ธ Wage Increases: Current wage increases are on a downward trend towards sustainable levels but still exceed equilibrium levels.

๐Ÿ‡บ๐Ÿ‡ธ Inflation Target: Inflation might return to the Fed's 2% target by the end of next year or possibly the following year.

๐Ÿ‡บ๐Ÿ‡ธ Independence of the Fed: Powell emphasized the importance of the Federal Reserveโ€™s independence amidst ongoing political conditions.

๐Ÿ‡บ๐Ÿ‡ธ Government Deficit: The US government deficit is large and unsustainable. Addressing this issue sooner rather than later is imperative.

๐Ÿ‡บ๐Ÿ‡ธ Unemployment Rate: A 4% unemployment rate is still considered very low. Stabilizing the unemployment rate at the correct levels is crucial.

๐Ÿ‡บ๐Ÿ‡ธ Inflation Outlook: Inflation should be at or below 2% a year from now.

Stay informed and stay tuned for more updates on the Federal Reserveโ€™s monetary policy path.

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