$BTC 🇺🇸 Fed Chairman Jerome Powell said:

1/ PCE inflation is as expected. Everyone sees really significant progress in inflation

2/ Lowering interest rates too early will have disastrous consequences. We want to be more confident before we drop them. We won't change interest rates for longer if inflation doesn't reach target

3/ The US economy is strong enough so there is no rush to lower interest rates

4/ Fed may consider policy change if labor market drops suddenly

5/ The current recession is not likely to be high. There is no reason to believe that the economy is in recession or on the verge of recession