Fed Chairman Jerome Powell speaks lively at a press conference after the Fed cut interest rates by 25 basis points as expected.
We will keep Powell’s statements up to date as Bitcoinsistemi.com. Since the meeting is currently ongoing, you can refresh the page to read the new statements.
Here are Powell’s latest statements:
- Overall economic performance is strong.
- The Fed will continue to focus on its dual mission objectives.
- High inflation has eased significantly and the labor market remains strong.
- The Fed is committed to maintaining strong economic growth.
- The Fed has taken another step toward reducing policy restrictions.
- We remain confident that inflation will continue to fall to 2% as the policy stance is adjusted.
- Recent indicators show the economy is expanding steadily and growth in consumer spending remains strong.
- The unemployment rate has fallen in the last three months and remains low.
- Hiring would have been “slightly higher” if not for the storms and strikes.
- The labor market is not a significant source of inflationary pressure.
- Improved supply conditions support economic development.
- Labor market conditions are more comfortable than before the pandemic.
- Core inflation remains high.
- Inflation expectations remain stable.
- The Fed lowered interest rates today, further aligning its policy stance.
- The policy stance will shift to a neutral stance over time.
- The Federal Reserve will continue to make decisions on a meeting-by-meeting basis.
- Interest rate cuts will help sustain strong economic growth.
- The Fed may adjust policy limits more slowly or more quickly.
- Policies are well positioned to address risks. If the economy remains strong and inflation does not fall to 2%, policy can be adjusted more slowly. Elections will have no impact on policy in the short term.
- The timing and content of the policy changes are unclear, so it’s unclear how policy will impact the Fed’s goals.
- We do not speculate, assume or presume. Any policy of the government or Congress may have a significant impact. These impacts will be considered along with other factors.
- We are keeping an eye on the rise in US Treasury yields, which are currently far from previous levels.
- We will observe the trend of national returns. It is too early to determine a specific direction.
Ahead of the interest rate decision, cryptocurrency prediction market platform Polymarrket gave a 99% probability that the Fed would cut rates by 25 basis points.
*This is not investment advice.
