⚡ Jerome Powell (Chairman of #FED ):

✔ Interest rate decisions will be made from meeting to meeting.

✔ There are risks associated with both inflation and the labor market.

✔ Over time, the Fed's monetary policy will shift toward a more neutral stance if the economy develops in line with expectations.

✔ The US economy is in a stable state – we intend to support it.

✔ We have made significant progress towards restoring price stability without a painful rise in unemployment.

✔ The 50 bp rate cut reflects growing confidence that the corresponding recalibration of monetary policy can support labor market resilience and the disinflation process.

❗️The Fed will NOT "aggressively" cut interest rates.

✔ Inflation is on a steady path towards the 2% target.

✔ The labor market is generally balanced.