Summary of Powell’s latest speech:
1. We will pay close attention to risks and decisions will be based on meeting discussions.
2. As the economy steadily improves, our monetary policy will gradually adjust to neutral.
3. The U.S. economy is performing strongly, and we are committed to using all available tools to maintain this momentum.
4. We have made significant progress in stabilizing prices, and the unemployment rate has not increased significantly.
5. Cutting interest rates by 50 basis points shows the market’s confidence in our policy framework, and inflation is moving steadily towards our goal.
6. The latest data further confirms the progress we have made towards achieving our 2% sustainable inflation target.
7. We are confident that the inflation rate will reach the 2% target.
8. The labor market is tight and the employment situation is good.
9. There are currently no signs of economic recession.
10. The Fed is in no rush to cut interest rates, which will depend on future economic data.
11. If September economic data is in line with expectations, we may see two further 25 basis point interest rate cuts.
Overall, everything is fine and the future is promising.