⭕ Although the unemployment rate remains low, recent labor market data showed weak job growth, prompting some officials to warn of "increased risks on the employment side." The committee emphasized that any decision regarding interest rates will depend on how far economic indicators deviate from their targets and the expected timeline for correcting these gaps.

⭕ The meeting came ahead of Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Forum, where he is expected to outline the short and long-term trends for monetary policy. Powell is facing increasing political pressure from Trump, who has harshly criticized him and called for interest rate cuts to support his economic policies.

⭕ In light of Adriana Kugler's resignation, Trump is preparing to nominate a new member to the Federal Reserve Board and is also calling for the resignation of Lisa Cook due to allegations related to mortgage lending. The White House is currently considering 11 potential candidates to replace Powell as chairman of the Federal Reserve after his term ends in May 2026, opening the door for radical changes in the course of U.S. monetary policy.