⚡ Jerome Powell (Head of #ФРС ):

✔ The economy is strong.

✔ The labor market remains stable.

✔ Inflation has declined significantly.

✔ Consumer spending growth remains robust.

✔ Inflation is steadily moving toward the 2% target.

✔ The Nonfarm Payrolls report would have been better if not for the hurricanes and strikes.

✔ Wage growth has slowed.

✔ Labor market conditions are now less tense than before the pandemic.

✔ The labor market is not a source of inflationary pressure.

✔ The risks to the Fed's dual mandate are balanced (inflation/labor market).

✔ A Fed rate cut will help maintain sustainable economic growth.

❗️The elections will NOT have any impact on the Fed's monetary policy in the near term.

✔ Any new fiscal policy by the Administration or Congress could have significant consequences, the Fed will take them into account.

✔ The rise in government bond yields is NOT related to rate expectations right now. It's a matter of supply and demand.

✔ US macro data has improved since the September meeting.