#PowellRemarks

Key points from the latest FOMC statement from the Fed:

⚫ Economic activity continues to expand at a solid pace, despite fluctuations in net exports.

⚫ Unemployment remains low and labor market conditions are stable.

⚫ Inflation is still somewhat elevated.

⚫ Balance sheet reduction (QT) will continue.

⚫ The Fed remains committed to its dual mandate: maximum employment and 2% inflation.

⚫ The Fed is prepared to change its policy stance if new risks arise.