🇺🇸 Fed Chairman Jerome Powell said:
1/ PCE inflation is as expected. Everyone sees really significant progress on inflation
2/ Cutting interest rates too early will cause disastrous consequences. We want to be more confident before lowering them. If inflation has not reached the target, we will keep interest rates unchanged longer
3/ The US economy is strong enough so there is no need to rush to lower interest rates
4/ If the labor market suddenly declines, the Fed may consider a policy pivot
5/ The possibility of a current recession is not high. There is no reason to believe that the economy is in recession or on the brink of recession
