🏛 Chairman of the U.S. Federal Reserve, Jerome Powell:
📌 The U.S. economy stands on solid foundations
📌 The current state of monetary policy is appropriate
📌 We expect to see stability in the labor market after the weakness
📌 Job gains remain low.. and housing activity remains weak
📌 The government shutdown negatively impacted economic activity
📌 Inflation has decreased from its peak but remains above the target of 2%
📌 We are witnessing a decline in the workforce and demand for labor
📌 Monetary policy is not on a predetermined path