Fed Chair Jerome Powell:
•This year, the economy is expected to slow down and inflation will continue to fall.
•If we wait for the inflation to drown to 2%, we will wait too long.
•We will make the FOMC interest rate decision according to the data we have at the meeting.
•Three data in the second quarter increased confidence that inflation fell
•If we see an unexpected weakness in the labor market, it will require us to react.
•We will not send signals for any meetings today.
•The Fed's task is to decide only according to the data, not according to the policy.