đŁď¸Fed Chair Jerome Powell:
â˘Recent data suggests further progress toward a sustainable return to 2%.
â˘My colleagues and I have increased our confidence that inflation is on a sustainable path to 2%.
â˘Working conditions are strong and the labor market is nearly stable.
â˘Further rate cuts are likely.
âIf the economy develops as expected, there will be two more 25 basis point rate cuts this year.â