02:37:21
Federal Reserve Chairman Powell: We have not made any decisions about future meetings.
02:37:03
Federal Reserve Chairman Powell: We will carefully evaluate future decision-making data.
02:36:49
Federal Reserve Chairman Powell: Cutting interest rates too late could unduly weaken the economy.
02:36:36
Federal Reserve Chairman Powell: Cutting interest rates too early could reverse the improvement in inflation.
02:36:12
Federal Reserve Chairman Powell: If the economy remains sound, interest rates will remain unchanged as needed.
02:35:47
Federal Reserve Chairman Powell: Monetary policy will be adjusted as the economy develops.
02:35:13
Fed Chairman Powell: Pay attention to the risks on both sides of the dual mandate. We need to have greater confidence in inflation. The second quarter inflation data has strengthened confidence in inflation.
02:33:59
The S&P 500 and Nasdaq 100 rose to session highs as Federal Reserve Chairman Jerome Powell spoke.
02:33:39
Federal Reserve Chairman Powell: Long-term inflation expectations appear to remain stable.
02:33:33
Federal Reserve Chairman Powell: Inflation is still slightly above the 2% target.
02:32:56
Federal Reserve Chairman Powell: Improved supply conditions support resilient demand.
02:32:39
Federal Reserve Chairman Powell: Unemployment remains low.
02:32:25
Federal Reserve Chairman Powell: Recent indicators show that the economy continues to expand at a steady pace.
02:32:12
Federal Reserve Chairman Powell: Investment in the housing sector stagnated in the second quarter.
02:32:02
Federal Reserve Chairman Powell: Consumption growth has slowed down, but remains robust.
02:30:49
Federal Reserve Chairman Powell: Significant progress has been made on both goals over the past two years.
02:30:37
Federal Reserve Chairman Powell: We will continue to focus on the dual mission.
02:20:00
Federal Reserve Chairman Powell will hold a monetary policy press conference in ten minutes.
02:12:40
"Federal Reserve Mouthpiece" Nick Timiraos: Federal Reserve Chairman Powell will have the opportunity to further explain the prospects for interest rate cuts at his press conference.
02:04:08
The Federal Reserve FOMC statement: The economy continued to expand at a "steady" pace, the growth rate of new jobs slowed down, and the unemployment rate rose but remained low.