02:56:50
Federal Reserve Chairman Powell: Policies to address dual-mandate risks are in a good position.
02:55:40
Federal Reserve Chairman Powell: We have observed a trend of narrowing the base of new employment in some months but not in other months.
02:54:42
Federal Reserve Chairman Powell: There is still a lot of data to be released between now and September.
02:54:13
Federal Reserve Chairman Powell: The time is coming to appropriately relax policy restrictions.
02:53:40
Federal Reserve Chairman Powell: The policy rate is clearly restrictive.
02:53:25
Federal Reserve Chairman Powell: As the job market cools, upside risks to inflation have decreased.
02:53:23
Federal Reserve Chairman Powell: The downside risks facing the current employment task are real.
02:51:51
Federal Reserve Chairman Powell: Long-term inflation expectations appear to be firmly anchored.
02:51:19
Federal Reserve Chairman Powell: The recent decline in inflation was mainly driven by housing and service prices.
02:50:40
Federal Reserve Chairman Powell: The inflation we are seeing is slightly better than last year and is more widespread.
02:50:10
U.S. stocks rose, with the Nasdaq up 3%, the S&P 500 up 2% and the Dow up 1%.
02:50:02
Federal Reserve Chairman Powell: There is no guidance on the pace of rate cuts because it depends on economic conditions.
02:47:31
Federal Reserve Chairman Powell: ECI data shows the "exact pattern" the Fed wants to see.
02:47:28
Former US President Trump said he was very willing to take the cognitive test.
02:43:50
Federal Reserve Chairman Powell: The policy interest rate will be lowered as early as September.
02:42:04
Federal Reserve Chairman Powell: Considering the economic situation, different scenarios can be imagined, ranging from zero to multiple rate cuts.
02:40:31
Federal Reserve Chairman Powell: The path ahead will depend on the economic situation.
02:40:27
Federal Reserve Chairman Powell: We hope to see more good data to boost confidence.
02:37:46
Federal Reserve Chairman Powell: The key question is whether all the data are consistent with the trend of rising confidence in inflation and employment.
02:37:34
Federal Reserve Chairman Powell: We rely on data, but not on a single data point.