"📉 US Federal Reserve Chairman Powell stated that high inflation is no longer the only risk to the US economy. Currently, the Fed is faced with high inflation and a 'cooling' labor market. Economic growth is slowing and a rate cut 'could harm the economy if it is too late or too small ' He added: 📊 The Fed needs more 'positive data' to reach its inflation target. Powell predicts that there will be no interest rate increase at the next meeting.