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Powell: Inflation expectations remain well anchored.
Powell: Our policy rate is probably at its peak.
Powell: We are likely to cut rates at some point this year, but the outlook is uncertain and we remain cautious about the risks.
Powell: We are prepared to keep rates high for longer if necessary.
Powell: We need more confidence that inflation is moving down sustainably before lowering rates.
Powell: Unexpected weakness in the labor market may also require a response (reduction).