➡️Jerome Powell, Chair of the Federal Reserve:

It’s time to adjust the Fed's monetary policy (lower the rate).

▪️ We will do everything possible to support a strong labor market.

▪️ The timing and pace of rate cuts depend on macroeconomic data and the balance of risks.

▪️ Inflation is steadily moving towards the 2% target.

▪️ We have made significant progress in achieving price stability without causing a sharp rise in unemployment.

Isn’t this a celebration, folks?🙂