Federal Reserve Chairman Powell: Policy is restrictive.

British Labour Party leader Starmer: We are not considering introducing a wealth tax.

Federal Reserve Chairman Powell: The quit rate has declined and job vacancies are also decreasing.

Federal Reserve Chairman Powell: Federal Reserve officials will have the opportunity to update economic forecasts after the release of CPI data.

Federal Reserve Chairman Powell: Some people did update their forecasts, but most did not.

Federal Reserve Chairman Powell: We are not committed to a specific path of rate cuts.

Federal Reserve Chairman Powell: We all agree that we are data dependent.

Federal Reserve Chairman Powell: If the PCE inflation rate is 2.6% or 2.7%, that is a good level.

Federal Reserve Chairman Powell: The test of interest rate cuts is more about confidence in the inflation rate approaching 2%.

Federal Reserve Chairman Powell: We need more confidence to ensure that inflation falls back to 2%.

Federal Reserve Chairman Powell: The Summary Economic Forecast is not a plan or any kind of decision.

Federal Reserve Chairman Powell: Risks to achieving the dual mandate are better balanced.

Federal Reserve Chairman Powell: We have made modest progress, but we need more good data.

Federal Reserve Chairman Powell: Still paying close attention to inflation risks.

Federal Reserve Chairman Powell: The pace of job growth remains strong, but slower than in the first quarter.