More from statements made by Fed Chairman Powell (September 18, 2024):

1. The Fed believes that the economy is "generally strong"

2. The Fed is "growing confident" that strength in the labor market can be preserved

3. Consumer spending "remained stable"

4. Inflation has decreased, but "remains above the target of 2%"

5. The labor market is now less tense than before the pandemic.

6. The Fed moves to a "neutral position" but "does not follow any predetermined course"