Jerome Powell: December Rate Cut 'Far From' Foregone Conclusion Amid Economic Uncertainty

Policy Stance and Economic Risks

• 🎯 The Federal Reserve faces a challenging situation with upside risks to inflation and downside risks to employment.
• ⚖️ Policy must take a balanced approach to promote both sides of the dual mandate, with increasing downside risks to employment.
• neutral policy stance.

Data Dependency and Future Decisions

• 📊 Future monetary policy decisions will be based on incoming data, the evolving outlook, and the balance of risks.
• ⚠️ The committee acknowledges two-sided risks in its discussions.
• 🗓️ A further reduction in the policy rate at the December meeting is not a foregone conclusion and policy is not on a pre-set course.