Jerome Powell after the Fed's 25 basis point rate cut: the economy is stable, inflation is close to the target, the rate has been lowered to a neutral level, caution in further rate cuts 📉

Jerome Powell stated after the Fed's 25 basis point rate cut that the economy remains stable, and inflation is approaching the target. The labor market has weakened but remains strong, and unemployment is still low. Powell noted that the rate was lowered to a neutral level, and in the future, the Fed will be more cautious with further cuts. He emphasized that the decision on rates will depend on economic and inflation data, and future actions will be careful to avoid weakening the economy.