🔥 The most important statements from Jerome Powell today
🔥 The Chair of the U.S. Federal Reserve believes that monetary easing and a reduction for three consecutive sessions will help the labor market recover from the recent slowdown. He emphasized that the Federal Reserve is balancing between dual risks of inflation and a slowing labor market, and that its current stance is good.
🔥 There is a lot of uncertainty behind policymakers' forecasts for the path of monetary policy in the future.
🔥 We will make decisions based on developments and new data at each meeting individually.
🔥 The reserve balance has dropped to appropriate levels.
🔥 We will receive a large amount of government data before the January meeting.
🔥 We are in a good position to handle current economic developments.
🔥 There is no need to raise interest rates with these levels of inflation.
🔥 According to available data, the labor market added an average of 60,000 jobs per month during the data absence period.
🔥 Tariffs will likely affect prices all at once rather than gradually.
🔥 We will reach the 2% inflation target.
🔥 We will not finalize our decision from the January meeting yet.
🔥 I do not expect any Federal Reserve members to consider raising interest rates.
🔥 Many Federal Reserve members prefer to wait and observe rather than make decisions at this time.
🔥 We see that the employment figures recently announced are exaggerated by about 60,000 jobs per month.
