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Date
Summary
Fed Chair Powell Indicates Rate Cuts: ‘The Time Has Come for Policy to Adjust’ (clip) (clip)
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Source
YouTube
Name: YouTube
URL: http://www.youtube.com/
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–
Persons
Jerome Powell
Name: Jerome Powell
Employment: U.S. Federal Reserve System
Position: Chairman
Event
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Uploaded
08/26/2024 11:16 am
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Audio
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MP3
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0:00:30
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1
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Transcript
RUSH TRANSCRIPT Conditions Overall ░░░░░░░░ continue the economy continues ░░░░░░░░ grow in a solid ░░░░░░░░ but the inflation and ░░░░░░░░ market data show and ░░░░░░░░ situation The upside risks ░░░░░░░░ inflation have diminished the ░░░░░░░░ Risks to employment have ░░░░░░░░ as we highlighted in ░░░░░░░░ last f c statement ░░░░░░░░ are attentive to the ░░░░░░░░ to both sides of ░░░░░░░░ dual mandate The time ░░░░░░░░ come for policy to ░░░░░░░░ The direction of travel ░░░░░░░░ clear in the timing ░░░░░░░░ pace of rate cuts ░░░░░░░░ depend on incoming data ░░░░░░░░ evolving outlook in the ░░░░░░░░ of risks we will ░░░░░░░░ everything we can to ░░░░░░░░ a strong labor market ░░░░░░░░ we make further progress ░░░░░░░░ price stability Restraint There ░░░░░░░░ good reason to think ░░░░░░░░ the economy will get ░░░░░░░░ to two percent inflation ░░░░░░░░ maintaining a strong labor ░░░░░░░░
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