BREAKING: FED Chairman Jerome Powell is Making a Speech – Here is His LIVE Presentation

Federal Reserve Chairman Jerome Powell delivers a speech on monetary policy to business leaders in the Dallas-Fort Worth area. Powell’s speech will be followed by a question-and-answer session.

Here are the most important sections from Powell’s speech:

(New additions will be made as the conversation continues, you can access the most up-to-date information by refreshing the page)

• The economy is not sending signals that the Fed should be in a hurry to cut interest rates.
• Policy will gradually adjust to a neutral level, but the policy path is not predetermined.
• Inflation is expected to continue to fall towards the 2% target, but there may be a “fluctuating” course during this process.
• The Fed is determined to complete its mission of controlling inflation.
• A strong economy allows the Fed to make prudent decisions.
• The labor market is robust and inflation is moving toward a sustainable 2% path.
• The US economy has performed very well recently.
• The labor market has cooled enough that it no longer creates significant inflationary pressure.
• The Fed will be watching inflation data closely as it compares to its forecasts.
• We do not take into account the interests of any political party when making decisions.
• The Fed’s independence means that its monetary policy decisions cannot be reversed or reviewed (by the U.S. government or Congress).
• Political factors may become a disturbing factor.
• The Fed has a responsibility to explain our policies to the public and Congress.
• The credibility of the FED is critical to our work.
• It is too early to assess the impact of Trump’s policies.
• We have time to assess the net impact of policy changes before responding to them.
• Analysis will be done before this (policy change) and we will be cautious about policy adjustments until we have more certainty.
• The US debt situation is unsustainable and needs to be resolved quickly. The bond market is doing well.
• In the event of financial instability, the Fed can use its emergency tools.
• Changes in government policies generally do not have an immediate impact on the Fed’s ability to achieve its goals.
• We reserve judgment on the impact of the new policy for now. It is important to wait and see how the actual situation develops.
• The policy is restrictive.
• It is not possible to determine the extent to which current policies are restrictive.
• We have begun the process of reducing interest rates and are moving towards a neutral interest rate. We must be patient and cautious in finding the neutral interest rate.
• It is necessary to proceed with caution.
• As we move closer to a reasonable range for the neutral interest rate, we may need to slow our current pace of action.
• If the data allows us to slow down, it would be a wise choice.
• The PPI data released today showed a slight upward fluctuation.
• However, we still believe that we are on the right track in terms of inflation.
• We must be mindful of risks and avoid moving too quickly or excessively.
• However, we should not forget that the risk we may face is that our actions are not enough.
• Our policy is well positioned. We have room to lower interest rates if necessary.
• We must be cautious about lowering interest rates.
• I will definitely complete my term as FED Chair.

The comments come a week after policymakers decided to cut the key interest rate by another quarter point, or 25 basis points. That followed a half-point cut in September, leaving the federal funds rate in the 4.5%-4.75% range.

*This is not investment advice.