đșđž Federal Reserve Chair Jerome Powell on rate cuts: key points from the press conference
âĄïž The economy is generally strong, and the Federal Reserve wants to maintain economic growth.
âĄïž The 50 basis point rate cut is an attempt to ensure a soft landing for the economy.
âĄïžThe decision was made considering that the labor market is not a source of inflationary pressure, but there is a risk of worsening employment conditions.
âĄïžWhile reducing inflation to 2% remains the Federal Reserve's goal, there is no need to cool the labor market to achieve it.
âĄïž The Federal Reserve has no predefined plan for further rate changes. Decisions will be made at each meeting.
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