đŹKey Takeaways from Federal Reserve Chairman Jerome Powell's Speech:
âïž Overall, the economy is strong;
âïž Inflation has significantly decreased but remains above the 2% target;
âïž Today's decision reflects growing confidence that labor market stability can be maintained;
âïž Our approach demonstrates its effectiveness;
âïž The risks of rising inflation have decreased, while the risks of weakening in the labor market have increased;
âïž We will adjust policy if necessary;
âïž If the economy remains stable and inflation stays firm, the Fed will slow down monetary easing;
âïž The Fed may lower rates faster or slower, or pause, if appropriate.
