🔸️Fed Chair Powell: The US economy is in good shape... Inflation continues to fall. We are in a healthy position. If we leave the tariffs aside, we can say that inflation is moving in the direction we want.
🔸️In response to the question "If there were no tariffs, would you have lowered interest rates?" Powell:
Yes, we would have. When the tariffs were discussed, we thought it was right to wait.
🔸️Powell: Many FOMC members think it is right to lower interest rates towards the end of the year. Of course, this may change depending on the data. We are also closely monitoring the labor market. Although there has been a cooling, it has not yet reached this serious level.
🔸️In response to the question "Is Trump's pressure making the job you do more difficult?" Powell:
I am focused on what I am doing. The important thing is to use the tools Congress has provided us for financial stability correctly...
🔸️Powell: I now have less than 10 months left in this position. All I want is a stable economy... I have nothing to say about the next period right now.
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