🗣️Fed Chair Jerome Powell:

•Inflation has fallen significantly but remains above our target.

•Today's decision reflects growing confidence that the strength of the labor market can be maintained.

•Our patient approach is paying off, and inflation is now much closer to our target.

🗣️Fed Chair Jerome Powell: We don't need to see further loosening of the labor market to bring inflation down to 2%.

🗣️Federal Reserve Chairman Jerome Powell: We do not need to see further loosening of the labor market to bring inflation down to 2%.