CoinVoice has learned that Federal Reserve Chairman Powell stated that although the Federal Reserve "can see that the labor market may be slowly and steadily cooling," this cooling is not a cause for concern considering the currently strong labor participation rate and good wage growth.

He stated: "Although the uncertainty of the economic outlook has decreased, it remains at a high level." As long as we see the current state of the labor market along with reasonable economic growth and gradually declining inflation, Powell said he is willing to continue waiting for more information before deciding on the next steps. (Jin Ten) [Original link]