Jerome Powell: We could not reach a conclusion today regarding the timing of the interest rate cut.
We (FED) think today's CPI is very good, the economy is still good, and we wonder if interest rates and monetary policy are good right now, and the answer is that it's reasonable to keep interest rates unchanged.
We think current interest rates will continue to make the job market more balanced, and this will go hand in hand with inflation continuing to fall. No one can know the future, but we think this trend will continue next year.
