🗣️Fed Chair Jerome Powell:

•We are focused on two goals. The labor market remains strong.

•Economic activity has expanded steadily.

•Inflation is closer to our 2% target.

•The labor market remains strong.

•Improving supply has supported U.S. economic performance.

•We lowered the interest rate range today and are moving toward a more neutral level.

•Risks to achieving the goals are roughly balanced.