Powell: ‘If The Economy Is Performing as Expected that Would Mean Two More Cuts This Year, with a Total of 50 More’

Reporter So before I ░░░░░░░░ to that second question ░░░░░░░░ the unemployment rate I ░░░░░░░░ going to ask you ░░░░░░░░ point blank question here ░░░░░░░░ are you thinking about ░░░░░░░░ November meeting Laughter Powell ░░░░░░░░ a couple things One ░░░░░░░░ have two employment reports ░░░░░░░░ an inflation report coming ░░░░░░░░ so the main thing ░░░░░░░░ be to look when ░░░░░░░░ get to that meeting ░░░░░░░░ the totality of the ░░░░░░░░ and we ll be ░░░░░░░░ at the activity data ░░░░░░░░ unemployment data and the ░░░░░░░░ data and asking ourselves ░░░░░░░░ our policy stance in ░░░░░░░░ place where it needs ░░░░░░░░ be for us to ░░░░░░░░ foster achievement of our ░░░░░░░░ And I think we ░░░░░░░░ take everything into account ░░░░░░░░ don t have that ░░░░░░░░ yet That s the ░░░░░░░░ thing But the other ░░░░░░░░ is just I wanted ░░░░░░░░ point out I kind ░░░░░░░░ just did that you ░░░░░░░░ it s a committee ░░░░░░░░ will we will do ░░░░░░░░ it takes in terms ░░░░░░░░ the speed with which ░░░░░░░░ move but if you ░░░░░░░░ at where we were ░░░░░░░░ weeks ago coming up ░░░░░░░░ three weeks ago I ░░░░░░░░ when we wrote down ░░░░░░░░ S Ps and made ░░░░░░░░ decision it was a ░░░░░░░░ where people were thinking ░░░░░░░░ know the bulk of ░░░░░░░░ committee was at 75 ░░░░░░░░ 100 basis points and ░░░░░░░░ votes were on 50 ░░░░░░░░ that would mean two ░░░░░░░░ cuts It wouldn t ░░░░░░░░ more 50s Now of ░░░░░░░░ that will depend on ░░░░░░░░ data but ultimately that ░░░░░░░░ what the baseline is ░░░░░░░░ the economy performs as ░░░░░░░░ that would mean two ░░░░░░░░ cuts this year a ░░░░░░░░ of 50 more.”