'Time is ripe' for Fed rate cut as inflation confidence grows

We neither seek nor welcome further cooling of labour market conditions.

We will do everything we can to support a strong labor market as we make further progress toward price stability.

The timing and pace of rate cuts will depend on data, expectations and the balance of risks.

I have grown more confident that inflation will return to 2% on a sustainable path.

The labor market is calming down, there is no question, we are no longer in a hurry.

We have made significant progress toward the goal of price stability while avoiding sharp increases in unemployment.

Inflation has come down significantly, we are now very close to the target.

The balance of risks to our country has changed.
We feel safe now.


Futures markets surged during Powell's speech, with futures markets expecting the Fed to cut by half a point in September.

The pace of monetary policy tightening in the coming months will depend on the balance of risks across the U.S. economy.

That sent the strongest signal yet that interest rate cuts are coming.


Result: Markets react positively to US Federal Reserve Chairman Jerome Powell’s statements:

Bitcoin 62,000

Dow Jones jumps 300 points after Fed chairman's comments on monetary policy adjustment

Gold rises 1%


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