🇺🇸🗣 #macro Fed Head Powell:

- The 50bp rate cut in September is not a signal that future moves will be as aggressive;

- if the economy performs broadly as expected, policy will shift toward a more neutral stance over time;

- today we see that the risks to achieving our employment and inflation targets are roughly balanced;

- it is time to review our policy stance to reflect progress towards our objectives as well as the changed balance of risks;

- inflation is now much closer to our 2 percent target.

Also, Bostic of the Fed said he is ready for another 50 bps interest rate cut in November.