#feedbackupdate #feedchair 📌 Fed Chairman Powell's Speech (FOMC – September 17) Summary
Recently, inflation has increased, primarily due to tariffs, causing prices of goods to rise.
The pace of employment has slowed significantly, the labor market is no longer strong, and the addition of new jobs is below "Break Even."
Inflation is present in the near term, but long-term expectations are still in line with the 2% target.
The effects of tariffs on inflation are uncertain, but the basic estimate is that they will be temporary; however, pressure may persist this year and next year.
There was not broad support for a 50 basis points (bps) cut, and the Fed only made a 25bps cut.
Powell stated that the Fed does not need to rush to lower rates; every decision will be based on data and each meeting.
Concerns about rising inflation compared to April are lower.
The economy overall is "not that bad," and government data is still reliable.
Powell mentioned that the 25bps cut will not have a significant impact, but nearly all members supported it.
📊 Conclusion: The Fed is cautious but is not adopting a more aggressive stance. In the short term, there may be volatility in the market, but in the medium term, the environment is positive for risk assets (crypto, gold, stocks) as the easing of interest rates has begun, and inflation is expected to gradually decrease.