00:00Fed Chairman Jerome Powell described the current interest rate stance as modestly restrictive after the rate cut last week, emphasizing that further interest rate cuts are possible if labor market weakness persists.
00:12Powell warned that easing too quickly risks allowing inflation to drift further above the 2% target, while keeping policy restrictive too long might unduly strain employment.
00:22Powell's remarks this week suggest the Fed is closely balancing inflation control with job growth, leaving its next moves open, especially in October and December.
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