JeromePowell Jackson Leak Speech
"Good afternoon. The U.S. economy continues to expand, though recent data suggest a moderation in momentum. The labor market remains resilient, with job creation still positive, but we are observing some signs of cooling in hiring and participation. Inflation has eased from its highs but remains above our longer-run target.
The stance of policy is restrictive, and while interest rates are weighing on demand as intended, the full effects are still working through the economy. As always, we will be guided by the incoming data and the risks, particularly around the balance between inflation returning to 2 percent and maintaining a healthy labor market.
We are prepared to adjust our policy as appropriate. No decisions have been made."