#PowellRemarks

Jerome Powell, the Federal Reserve Chair, has made several notable remarks on monetary policy and the economy. Here are some key points:

- *Interest Rate Cuts*: Powell has indicated that rate cuts are expected later this year, with the goal of maintaining economic growth and controlling inflation. He emphasized that future interest rate decisions will be based on careful assessment of incoming data, the evolving outlook, and the balance of risks.

- *Economic Outlook*: Powell's outlook for the economy is generally favorable, but he acknowledges uncertainty and potential cross-currents that may impact policy decisions. He emphasized the importance of being patient and data-driven in determining interest rate adjustments.

- *Inflation Control*: Powell expressed confidence in the Fed's ability to control inflation, aiming for a 2% target. He noted that ongoing progress toward this goal is not assured, and the Fed will continue to monitor inflation pressures closely.

- *Labor Market*: In his recent remarks at the Jackson Hole Symposium, Powell highlighted the cooling labor market conditions, shifting focus to the employment mandate. This signaled a potential shift in policy priorities.

Some notable remarks from Powell include ¹ ² ³:

- *"The time has come"*: Powell's dovish remarks at the Jackson Hole Symposium suggested that rate cuts are imminent, potentially in September.

- *"Dialing back policy restraint"*: Powell mentioned that it would likely be appropriate to begin reducing policy restraint at some point this year, depending on economic conditions.

- *"Greater confidence"*: Powell emphasized the need for greater confidence that inflation is moving sustainably toward 2% before making significant policy changes.