đŁď¸Fed Chair Jerome Powell:
â˘The risks are bilateral and decisions will be made in meetings.
â˘The U.S. economy is in a strong position; we will use our tools to keep it there.
â˘We have made good progress toward restoring price stability without a major increase in unemployment.
â˘The 50 basis point rate cut reflects growing confidence that appropriate policy readjustment can keep the labor market strong and inflation on target.
â˘Recent data suggests further progress toward a sustainable return to 2%.
My colleagues and I have increased confidence that inflation is on a sustainable path to 2%.
â˘Working conditions are strong and the labor market is nearly stable.
â˘Further rate cuts are expected.
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