English
The US Federal Reserve live coverage (Jerome Powell)
• The US Federal Reserve is committed to achieving its goals of optimal labor market utilization and price stability.
• The unemployment rate has risen but remains at historically low levels.
• The US Federal Reserve has decided to cut interest rates by about 25 basis points to support its objectives.
• Recent data shows a moderation in economic activity within the country.
• The inflation rate remains above its target.
• Longer-term inflation expectations are stable at its target.
• The US Federal Reserve may move toward a less restrictive monetary policy over the coming period.
• The US Federal Reserve will continue to do its utmost to achieve its goals of optimal labor market utilization.
• There was little support for a 50 basis point rate cut. We have conducted aggressive rate cuts and rate hikes over the past five years, but we do not need an aggressive cut now.
• We expect inflation to fall to 2% and achieve full employment in the future, but we know that the economy is always changing over time.
• Customs duties are not paid by manufacturers, but rather by the companies operating between the producer and the consumer, who will ultimately pass them on to the consumer.
