🗣️Fed Chair Jerome Powell:
•The economy is not sending signals that the U.S. central bank should be in a hurry to cut interest rates.
•The labor market has cooled to the point where it is no longer a significant source of inflationary pressure.
•The labor market is robust, inflation is on a sustainable path to 2%.
•The Fed is committed to finishing the job on inflation.
There is no need for the Fed to be in a hurry to cut interest rates.
