đŁïžFed President Jerome Powell:
âąWe continue to have solid growth and a strong labor market.
âąWe have made a lot of progress on inflation.
âąThe downward trend in inflation shows signs that it will continue.
âąWe need to be safer before lowering the policy rate. We should see more data like we have seen recently.
âąThe disinflation trend is showing signs of restarting. We are returning to the disinflation path again.
âąIf the labor market weakens unexpectedly, this will cause us to react.
âąRisks become balanced.
âąInflation may reach 2% by the end of next year or the year after.
âąWe are aware of the risks of early or late interest rate cuts.
âąWe have the opportunity to take our time and do everything right.