Federal Reserve Chairman Powell: We are seeing increasing financial pressure on low-income people.

Federal Reserve Chairman Powell: The household sector is still in a pretty good condition, just not as good as it was a year ago.

Federal Reserve Chairman Powell: Credit card balances and defaults have not reached high levels.

Federal Reserve Chairman Powell: If you look back in five or ten years and try to find the significant impact that a 25 basis point rate cut had on the U.S. economy, you will find that it is difficult.

Federal Reserve Chairman Powell: It may take years for the surge in rental prices to gradually reduce housing inflation.

Federal Reserve Chairman Powell: (When asked about housing inflation) We see a large lag in its feedback into inflation data.

Federal Reserve Chairman Powell: We are encouraged that we are still seeing solid economic growth.

Federal Reserve Chairman Powell: We are at a stage where we will continue to fight inflation until the end.

Federal Reserve Chairman Powell: The biggest pain will be long-term high inflation.

Federal Reserve Chairman Powell: Lowering inflation will be painful for people.

Federal Reserve Chairman Powell: We are doing everything possible to get inflation back under control.

Federal Reserve Chairman Powell: It is not our job to tell people how to look at the economy.

Federal Reserve Chairman Powell: But this is just a one-time data and we don’t want to be overly affected by it.

Federal Reserve Chairman Powell: The timing of rate cuts is an important decision for the economy.

Federal Reserve Chairman Powell: The first interest rate cut will have an impact on the economy.

Federal Reserve Chairman Powell: Inflation is also improving due to positive supply shocks.

Federal Reserve Chairman Powell: We believe our policy stance is roughly correct.

Federal Reserve Chairman Powell: We are ready to adjust policies as appropriate.

Fed Chairman Powell: Everyone is asking the question about the neutral interest rate. The question of whether interest rates are restrictive enough will be answered over time.