#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.