June 24, Fed Chair Powell: We have high interest rates right now, and there's more room to cut rates than when they're close to zero. We just advise everyone to wait and wait for more signs. There are no signs of weakness in the labor market at the moment. If we see weakness in the labor market, we will take steps to adjust. As long as the economy remains strong, we can pause here and wait and see if inflation is not expected to rise, or if the labor market is weak. ( gold ten )
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Powell: The current Intrerest Rate level is relatively high, but suggests waiting for more signs.
June 24, Fed Chair Powell: We have high interest rates right now, and there's more room to cut rates than when they're close to zero. We just advise everyone to wait and wait for more signs. There are no signs of weakness in the labor market at the moment. If we see weakness in the labor market, we will take steps to adjust. As long as the economy remains strong, we can pause here and wait and see if inflation is not expected to rise, or if the labor market is weak. ( gold ten )