Steve Englander, Global Head of Forex Research and Macro Strategy at Standard Chartered Bank, stated that the market's response, which is a weakening of the US dollar and a slight decrease in bond yields, is roughly correct. Powell did not say 'Yes, we need to start the easing cycle with three 50 basis point rate cuts,' what he did was pay close attention to the fact that the inflation target is right in front of us. They are concerned about the labor market and say that there is no need for further weakness in the labor market. Therefore, without providing a timetable, this statement implies opening the door to a 50 basis point rate cut at some point. @seks @wrukii