Statements by Jerome Powell, Chairman of the US Federal Reserve:
Inflation is showing signs of resuming its downward march.
Made significant progress in tackling inflation.
We need more confidence before the rate cuts start.
We need to see more recent data.
We have enough time to make the right decision. We are aware of the risk of early or late reduction.
Risks are starting to become more balanced.
Inflation of public services is the primary task.
Wages are beginning to rise to more sustainable levels.
The labor market has begun to operate at a calm level.
Inflation could reach 2% late or early next year.
Our monetary policy remains restrictive and accommodative. The public budget deficit is very large.
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