🇺🇸Key points from federal reserve chair Jerome Powell’s speech
⏺️Both political parties support the Federal Reserve's independence, and this is unlikely to change
⏺️ The U.S. economy is showing remarkably resilient performance
⏺️ I am fully satisfied with the current monetary policy of the Federal Reserve
⏺️ Unemployment remains low, and inflation is steadily decreasing
⏺️ We previously raised interest rates too aggressively
⏺️ There is no reason for concern about the state of the U.S. economy
⏺️ The Federal Reserve aims to strike a balance: making policy less restrictive to reduce inflation without harming the labor market