@orange24
Jerome Powell's key takeaways from the FOMC press conference:
- The economy is generally strong;
- Our decision today reflects our confidence that labor market stability can be maintained;
- Inflation has come down significantly, but is still above our target;
- The labor market has cooled and is no longer looking as tight;
- We can adjust monetary policy if necessary;
- If the economy remains stable, we can slow the pace of cuts. We can also respond if labor market conditions worsen;
- There is nothing in our forecasts that suggests we are in a hurry. I do not think we are behind schedule;
- We concluded that the 50bp cut was the right call. We will base future decisions on the next meeting;
- I am very pleased that we cut the rate by 50bp;
- The labor market is strong, and we want to keep it that way. Same with the economy
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