🔹 Inflation remains tricky, with downside risks to jobs and signs of a softer labor market.
🔹 The recent rate cut was aimed at steering policy back toward neutral.
🔹 Consumer spending is slowing, and businesses remain cautious under uncertainty.
🔹 Powell said most price pressures stem from tariffs but vowed to prevent them from fueling sustained inflation.
🔹 Hiring has dipped below breakeven,
though broader job metrics remain steady.
🔹 Long-term inflation expectations are still anchored around the Fed’s 2% goal.
👉 Powell stresses: There’s no risk-free policy path ahead.
