🗣️Fed President Jerome Powell:

•We continue to have solid growth and a strong labor market.

•We have made a lot of progress on inflation.

•The downward trend in inflation shows signs that it will continue.

•We need to be safer before lowering the policy rate. We should see more data like we have seen recently.

•The disinflation trend is showing signs of restarting. We are returning to the disinflation path again.

•If the labor market weakens unexpectedly, this will cause us to react.

•Risks become balanced.

•Inflation may reach 2% by the end of next year or the year after.

•We are aware of the risks of early or late interest rate cuts.

•We have the opportunity to take our time and do everything right.