Golden Finance reported that Federal Reserve Chairman Powell said that economic conditions have laid the foundation for a further decline in inflation; policy will return to a neutral stance over time; there is no set route and decisions will be made at each meeting; the risks to inflation and employment targets are roughly balanced; the labor market has cooled over the past year but remains solid; achieving a 2% inflation rate does not require a further cooling of the job market; the economy is "solid" and it intends to use tools to maintain this state.