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Key messages from Powell after the Fed decision:
🔸 There is still a balance issue between employment and inflation
🔸 Widespread support for the decision to keep interest rates unchanged
🔸 Full stability in the labor market has not yet been achieved
🔸 It is difficult to say whether economic risks are balanced
🔸 It's not the level of US debt that’s the issue, but the path it’s on is unsustainable
🔸 There is no data indicating that investors are widely hedging against dollar risk
🔸 Has not yet made a decision regarding plans after becoming Fed Chair
🔸 Normalization of monetary policy may gradually balance employment
It was a dovish speech 🕊️