FED Chairman Jerome Powell is Making a Speech – Here is His LIVE Presentation

Federal Reserve Chairman Jerome Powell delivers a speech on monetary policy to business leaders in the Dallas-Forth Worth area. Powell’s speech will be followed by a question-and-answer session.

Here are the most important sections from Powell’s speech:

(New additions will be made as the conversation continues, you can access the most up-to-date information by refreshing the page)

• The economy is not sending signals that the Fed should be in a hurry to cut interest rates.
• Policy will gradually adjust to a neutral level, but the policy path is not predetermined.
• Inflation is expected to continue to fall towards the 2% target, but there may be a “fluctuating” course during this process.
• The Fed is determined to complete its mission of controlling inflation.
• A strong economy allows the Fed to make prudent decisions.
• The labor market is robust and inflation is moving toward a sustainable 2% path.
• The US economy has performed very well recently.
• The labor market has cooled enough that it no longer creates significant inflationary pressure.
• The Fed will be watching inflation data closely as it compares to its forecasts.

The comments come a week after policymakers decided to cut the key interest rate by another quarter point, or 25 basis points. That followed a half-point cut in September, leaving the federal funds rate in the 4.5%-4.75% range.

*This is not investment advice.