⚡ Jerome Powell (Chairman of #FED ):

✔ The economy is overall strong.

✔ The labor market continues to cool, which is a noticeable improvement from earlier this year.

✔ Our decision today reflects growing confidence that stability in the labour market can be maintained.

✔ Consumer spending remains stable.

✔ Inflation has fallen significantly, but remains above our target level.

✔ The labor market is not a source of increased inflationary pressure.

✔ We expect stable GDP growth.

✔ The risks of rising inflation have decreased.

❗️ The risks of deterioration in the situation with the labor market (employment) have increased .

✔ Our forecasts are not a plan or a solution.

✔ We will adjust the Fed's monetary policy as needed.

✔ If the situation on the labour market worsens, we will be able to respond.

❗️ We can cut rates faster or slower, or take a pause if appropriate (it all depends on the economy.)

✔ Most Fed chairs supported today's 50bp cut, but there was a lot of debate.