Summary of Chairman Powell's remarks
・US Federal Reserve (Fed) Chairman Powell
“I have strengthened my confidence that the inflation rate is on track to 2%”
“The time has come to adjust policies”
“We don't want or want the labor market to cool down any further”
“As we make further progress towards price stability, we will do everything we can to support a strong labor market.”
“The risk of rising inflation has decreased,The risk of falling employment is increasing」
“Inflation is now pretty close to target”
“The current interest rate level gives sufficient room for risk response”
“The timing and pace of interest rate cuts will depend on data, forecasts, and risks”
「There is no doubt that the labor market is cooling」
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