Powell has begun his statement:

- "Inflation remains elevated. There are uncertainties in bringing it down.

- We remain committed to our 2% target. #FOMC

- Over the past year, there has been some stabilization, but we have seen some setbacks in recent months.

- There is no assurance of further progress on inflation; the path is uncertain.

- We are extremely vigilant against inflation risks."

#BTC

- "An early interest rate cut could disrupt economic activities. A delayed interest rate cut could also pose problems.

- This year's inflation data has been higher than expected. We are mindful of inflation risks. Inflation expectations have come in above target. We need to wait a bit longer to build confidence.

- Our policy actions are guided by our objectives.

- We will tighten the balance sheet, but this will be done at a slower pace."$BTC