🇺🇸 Federal Reserve Chair Jerome Powell on rate cuts: key points from the press conference

➡️ The economy is generally strong, and the Federal Reserve wants to maintain economic growth.

➡️ The 50 basis point rate cut is an attempt to ensure a soft landing for the economy.

➡️The decision was made considering that the labor market is not a source of inflationary pressure, but there is a risk of worsening employment conditions.

➡️While reducing inflation to 2% remains the Federal Reserve's goal, there is no need to cool the labor market to achieve it.

➡️ The Federal Reserve has no predefined plan for further rate changes. Decisions will be made at each meeting.

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