English
Key statements from Jerome Powell during the press conference:
• He said the shutdown will negatively impact economic activity as long as it continues.
• But once the shutdown ends, the impact is expected to reverse and normal activity will return.
• Recent data shows no significant change since our last meeting.
• The Federal Reserve decided to cut interest rates by 25 basis points to support achieving its goals.
• Recent data shows a moderation in economic activity within the country.
• Federal Reserve members are concerned that high inflation may be sustainable.
• We decided to end our asset reduction program starting in December.
• The US government shutdown is impacting economic data.
• Support for the committee to announce a freeze on the size of the balance sheet on December 1st. • We will add reserves at a certain point.
• We are committed to bringing inflation back down to 2%.
• The data we monitor does not replace government data, but we do monitor the available data.
• Making decisions without data is like driving in the fog.
• I don't think we will gain a precise understanding of the economy during the government shutdown.
• Current interest rates are slightly above the neutral average.
• Inflation is still negatively impacting citizens, and this will take some time.
• We need some time to start producing domestically to avoid price increases resulting from tariffs.
• We are lowering interest rates to boost demand for employment and revive the economy.
