🔴 Federal Reserve Chairman Jerome Powell stated the following a short while ago:
📌 I expect inflation to continue to decline towards the 2% target, on a sometimes bumpy path.
📌The labor market has calmed down to a point where it is no longer a source of inflationary pressures.
📌The independence of the Federal Reserve means that its decisions cannot be changed or reviewed.
📌The economy is not sending signals that the Fed should rush to cut interest rates.