Hot Moments: FED President Jerome Powell Speaks! Here is the LIVE Latest Information!

FED Chairman Jerome Powell gives a speech at the National Association for Business Economics (NABE) Conference.

As Bitcoinsistemi.com, we bring you Powell’s statements up to date:

• The risks are twofold and decisions will be adjusted according to each meeting.
• If the economy develops as expected, policy will gradually shift to a more neutral stance.
• The US economy is in good shape; We intend to use the tools at our disposal to protect it.
• Labor market conditions are strong and the labor market is roughly balanced.
• We do not think we need to see further cooling in the labor market to achieve our 2% inflation target.
• My colleagues and I are more confident that inflation can continue to grow towards the 2% target.
• The decline in inflation has a broad basis and the latest data shows further progress towards achieving the target of a sustained return to 2%.
• Housing services inflation will continue to fall as long as the rate of rent increases for new tenants remains low.
• Good progress has been made in restoring price stability without causing a significant increase in unemployment.
• Risks to achieving employment and inflation targets are “roughly balanced.”
• Revising the gross domestic product (GDI) eliminates the downside risks that FEEDE considers.
• The upward revision of personal income also eliminates potential downside risks.
• The revision in the savings rate also shows that consumption can be maintained at a healthy level.
• We are monitoring productivity closely and it is not yet possible to judge whether recent improvements will continue.
• The Fed will not rush to cut interest rates quickly and will make its decisions based on data.
• Two employment reports and one inflation report will be released before the November meeting.
• All factors will be taken into consideration in the November interest rate decision.
• If the economy develops as expected, two more interest rate cuts will be made this year, totaling 50 basis points.

The first question on investors’ minds during these statements will be whether the next Fed interest rate cut will be 25 or 50 basis points. As you may remember, Powell said in the press conference he held after the interest rate cut on September 18 that he and his colleagues started the easing cycle with a half-point move:

“I don’t think anyone should look at this and say this is the new pace.”

*This is not investment advice.