#Fed Chair Jerome Powell stated:
- The economy is generally strong.
- The labor market has transitioned from overheating to a normal state.
- Inflation has significantly decreased since August.
- We are clearly focused on our targets, and today's decision reflects confidence in maintaining the strength of the labor market.
- Our patient approach has yielded results.
- Consumer spending continues to be strong.
- We expect GDP growth to remain robust.
- Inflation has decreased from its peak to around 2%, but it is still above our target.
- Labor market conditions are less tight compared to pre-pandemic levels.
- The economy is strong, inflation has decreased to 2% levels, and there is some cooling in the labor market.
Overall, he speaks positively and indicates that there is no recession.
