The Chairman of the US Federal Reserve, Powell, speaks following the meeting and the decision to lower the interest rate.

Key points: 

- We are focused on two goals – the labor market and inflation.

- Inflation is much closer to the 2% target, inflation expectations remain sound.

- Today we lowered the Fed's rate forecast, moving towards more moderate pace of reductions.

- We can be more cautious as we consider additional adjustments to the Fed's monetary policy.

- A too slow reduction in rates could unjustifiably weaken the US economy and the labor market.

- The labor market remains stable and has emerged from an overheated state.

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

- Consumer spending is resilient and remains at previous levels, while investment in equipment has increased.

- Improved supply has supported high economic performance in the US.

- Economic activity is growing at a steady pace, the economy is strong.

The most important points are highlighted. Besides the words about slowing the pace of interest rate reductions, there is also a 'safeguard' – the words that it cannot be reduced too slowly either. This is a positive in Powell's rhetoric.