Powell emphasized that the Fed will assess economic data at each meeting to adjust its stance. This flexibility aims to ensure that decisions align with economic progress.
The Fed's approach toward a more neutral stance on interest rates aims to maintain sustainable economic growth without triggering overheating as economic indicators improve.
Powell noted the narrowing gap between GDI and GDP, which reduces risks for the economy and reflects stability in leading macroeconomic indicators.
Despite cuts in interest rates, the U.S. labor market shows strength, with positive job creation and low unemployment supporting ongoing economic growth.
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