FED Chain Jerome Powell Speaks LIVE After FED’s Interest Rate Decision – Here’s What He Said

Fed Chairman Jerome Powell speaks lively at a press conference after the Fed cut interest rates by 25 basis points as expected.

We will keep Powell's statements up to date as Bitcoinsistemi.com. Since the meeting is currently ongoing, you can refresh the page to read the new statements.

Here are Powell's latest statements:

• Overall economic performance is strong.
• The Fed will continue to focus on its dual mission objectives.
• High inflation has eased significantly and the labor market remains strong.
• The Fed is committed to maintaining strong economic growth.
• The Fed has taken another step toward reducing policy restrictions.
• We remain confident that inflation will continue to fall to 2% as the policy stance is adjusted.
• Recent indicators show the economy is expanding steadily and growth in consumer spending remains strong.
• The unemployment rate has fallen in the last three months and remains low.
• Hiring would have been “slightly higher” if not for the storms and strikes.
• The labor market is not a significant source of inflationary pressure.
• Improved supply conditions support economic development.
• Labor market conditions are more comfortable than before the pandemic.
• Core inflation remains high.
• Inflation expectations remain stable.
• The Fed lowered interest rates today, further aligning its policy stance.
• The policy stance will shift to a neutral stance over time.
• The Federal Reserve will continue to make decisions on a meeting-by-meeting basis.
• Interest rate cuts will help sustain strong economic growth.
• The Fed may adjust policy limits more slowly or more quickly.
• Policies are well positioned to address risks. If the economy remains strong and inflation does not fall to 2%, policy can be adjusted more slowly. Elections will have no impact on policy in the short term.
• The timing and content of the policy changes are unclear, so it's unclear how policy will impact the Fed's goals.
• We do not speculate, assume or presume. Any policy of the government or Congress may have a significant impact. These impacts will be considered along with other factors.
• We are keeping an eye on the rise in US Treasury yields, which are currently far from previous levels.
• We will observe the trend of national returns. It is too early to determine a specific direction.
• Bond interest rates reflect expectations for economic growth.
• The volatility in the bond market does not appear to be driven primarily by expected increases in inflation.
• Some downside risks to the economy have receded.
• Core economic activity data has strengthened since the September meeting.
• I am optimistic about overall economic activity.
• Inflation data is not bad, but it is higher than expected.
• For December, we will focus on upcoming data and how it will impact the economic outlook.
• We're trying to find a balance between moving too fast and moving too slow.
• The Fed is moving toward a more neutral stance. We'll have to see where the data takes us.
• The omission of the word confidence from the statement does not imply any hint about the stickiness of inflation.
• There is currently considerable uncertainty.
• We don't want to give too much forward guidance.
• We are confident that inflation will return to our 2% target.
• 'Further progress' indicates that we are preparing for a test.
• The important thing is to find the right rhythm and we need to find it as we go along.
• The labor market has cooled significantly and is now essentially balanced.
• The latest economic data is strong and encouraging.
• The policy remains restrictive.
• We do not need to cool the labor market any further.
• Today's decision is another step in the reorganization process.
• If the labor market worsens, we can move faster.
• We are prepared to change our assessment of the pace and target of interest rate changes.
• As we approach the neutral interest rate, it may be necessary to slow down the pace of rate cuts.
• We expect inflation to fluctuate.
• Overall, there has been progress in inflation.
• The 3-month and 6-month core personal consumption expenditures (PCE) inflation data showed significant progress.
• Inflation in non-housing services and goods has returned to levels seen at the beginning of this century.
• The Fed is in no rush to reach a neutral interest rate.
• The right way to find the neutral interest rate is to be cautious.
• As long as the economy remains strong, we can try to find a middle ground between the two risks.
• Economic data does not suggest there is any rush to cut interest rates.
• We will not talk about anything related to the election.
• The labor market has not yet fully stabilized and is cooling very slowly.
• The unemployment rate is low and has increased significantly from a year ago.
• Policies aim to maintain the good condition of the labor market and continue to support inflation control.
• Given current productivity levels, wage growth is now consistent with our 2% inflation target.
• The overall labor market is performing well. On that basis, we don't want the labor market to slow down too much.
• The Fed has begun to consider adjusting the pace of interest rate cuts.
• Powell: “I will not resign even if asked.”
• Raising interest rates is not among our plans. Our main expectation is to gradually adjust interest rates to a neutral level.
• In the absence of external events, the baseline will remain unchanged.
• We cannot ignore all possibilities a year in advance.
• Low inflation could also become a problem.
• Inflation should not be deliberately reduced below the 2% target.

Ahead of the interest rate decision, cryptocurrency prediction market platform Polymarrket gave a 99% probability that the Fed would cut rates by 25 basis points.

*This is not investment advice.