Fed Chairman.
đ Risks can be reversed, so decisions will be made after each meeting
đ Our monetary policy will shift to a more neutral stance over time if the economy improves broadly as expected.
đ The US economy is strong and we want to use every tool at our disposal to keep it strong.
đ We have made good progress in restoring price stability without a painful increase in unemployment.
đ The 50 basis point rate cut reflects increased confidence in our policy stance and inflation moving towards target
đ Recent data shows further progress towards a sustainable yield of 2%.
đ My colleagues and I are very confident that inflation is on track to hit 2%.
đ Business conditions are tough and the labor market is nearly balanced.
đ There is nothing to suggest we are heading for a recession.
đ The Fed is in no rush to cut rates quickly and will be data-driven.
đ If the economy performs as expected in September, we will see two more 25 basis point cuts.