#PowellRemarks

Chair Jerome Powell's recent remarks highlight the Federal Reserve's progress in managing inflation and its commitment to maintaining a strong labor market. Key points include

Inflation Reduction Significant decline in inflation from its peak of 7.1% in June 2022 to near the 2% target, with prices rising 2.5% over the past 12 months.

Labor Market Cooling labor market conditions with unemployment rising to 4.3%, still low by historical standards, and job gains slowing.

Monetary Policy Fed poised to adjust policy, with rate cuts dependent on incoming data and balance of risks.

Economic Outlook Confidence in inflation sustainably reaching 2% target while maintaining strong labor market.