đŁïžFed Chair Jerome Powell:
âąIt is time to adjust monetary policy.
âąWe will do everything we can to support a strong labor market while making more progress toward price stability.
âąConditions are much more normal now than they have been.
âąWe are not looking for any further cooling in the labor market, and we should welcome that.
âąI am more confident that inflation is on track to return to the 2% target.
âąInflation has slowed significantly, and we are much closer to the target.
âąThe timing and pace of rate cuts will depend on data, outlook, and balance of risk.
âąInflation is now closer to our target.