#PowellRemarks

Powell signaled a shift toward potential rate cuts.

Inflation has dropped from 9.1% to 2.9%.

The Fed now sees inflation easing sustainably.

Policy changes will depend on incoming data.

He admitted underestimating inflation in 2021.

Flexibility and humility in decisions were stressed.

Markets rallied on his dovish tone.

A cautious but clear pivot in Fed policy is underway.