đŁď¸Fed Chair Jerome Powell:
â˘The risks are bilateral and decisions will be made in meetings.
â˘The US economy is in a strong position and we will use our tools to keep it there.
â˘We have made good progress in restoring price stability without a major increase in unemployment.
â˘The 50 basis point rate cut reflects growing confidence that appropriate policy readjustment can keep the labor market strong and inflation moving toward target.