Powell opening statement: Labor market is ‘strong but not overheated’

July 31, 2024 at 07:34PM

Labor market is ‘strong but not overheated’ and about where it was pre-pandemic

Longer-term inflation expectations appear to be well anchored

Unemployment rate remains low

Labor market has cooled, inflation has declined and risks have moved into better balance

Attentive to both sides of dual mandate

Q2 inflation readings have added to confidence on inflation

Need greater confidence on inflation

We will carefully assess incoming data for future decisions

Policy is well-positioned to deal with risks and uncertainties

This article was written by Adam Button at www.forexlive.com.