š§§š§§š§§THERE ARE IMPORTANT STATEMENTS FROM THE FED OFFICIAL.š§§š§§š§§
š£ļøFed Chairman Jerome Powell:
ā¢Risks are bilateral and decisions will be made in meetings.
ā¢The US economy is in a solid position; we will use our tools to keep the economy in this position.
ā¢We have made good progress towards re-establishing price stability without a major increase in unemployment.
ā¢The 50 basis point interest rate cut reflects increasing confidence that appropriate policy readjustment can keep the labor market strong and inflation moving towards the target.
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