Chair Powell: "Low Unemployment and Easing Inflation... Heading Towards Neutral Rates"

Bloomingbit Newsroom

Summary

Jerome Powell of the Fed stated that the U.S. unemployment rate remains low.
He mentioned progress in inflation and assessed the downward adjustment.
The Fed intends to lower interest rates to a neutral level.

Jerome Powell, the Chair of the Federal Reserve, attended the DealBook Summit hosted by the New York Times on the 4th (local time), stating, "The unemployment rate in the United States remains very low, and inflation is making some progress," adding, "It will take some time, but the Fed aims to lower rates to a neutral level."