Fed Chairman Powell: People are going to have different forecasts for the economy, and those forecasts may or may not be reflected in market conditions.

Federal Reserve Chairman Powell: Discussions on the timing of interest rate cuts are still ongoing and decisions will be made very carefully.

Fed Chairman Powell: We think we have done enough on interest rates, but we are not completely confident in that view yet.

Fed Chairman Powell: We do not consider political factors when deciding interest rates.

Fed Chairman Powell: We will make what we think is the right decision for the economy.

U.S. White House Press Secretary Jean Pierre: We look forward to further border policy negotiations.

Fed Chairman Powell: Real interest rates are expected to fall in the future.

Fed Chairman Powell: It’s difficult to know exactly how tight monetary policy will be at any given moment.

Fed Chairman Powell: Many economic indicators are returning to normal.

Fed Chairman Powell: We attach great importance to real interest rates and this is part of our thinking.

Fed Chairman Powell: Economic growth is slowing down, which we think is appropriate.

Fed Chairman Powell: The difference in economic forecasts reflects lower inflation than previously expected.

Latin American stocks extended gains, hitting their highest intraday levels since August 2.

Fed Chairman Powell: Forecasters are wrong about a recession in 2023.

Fed Chairman Powell: I have always believed that it is possible for the economy to avoid recession and that inflation is also declining, and that is what we have seen so far.

Fed Chairman Powell: Having said that, the outcome is not guaranteed.