Summary of Powell's remarks and latest statements

_ Labor market conditions are calm, and inflation remains high.

_ Housing activity is weak.

_ Economic activity is growing at a moderate pace.

_ Consumer spending reached 8%, higher than our expectations due to tariffs.

_ Based on market indicators, the committee decided to purchase bonds.

_ We will begin purchasing short-term bonds again.

_ Federal Reserve members agree on the slowing labor market and a significant acceleration in inflation.

_ The next meeting will be a crucial decision for US monetary policy.

_ A large part of the inflation is due to tariffs.

_ The decision to cut interest rates was not unanimous.

_ We expect the economy to grow, supported by consumer spending and artificial intelligence.

_ The impact of tariffs will become apparent in the first quarter of 2026.

_ Powell laughs when asked if Trump's talk about finding a new Federal Reserve chairman worries him, and replies, "It doesn't worry me."