Highlights from the Federal Reserve Chairman's Press Conference
_ Economic activity has slowed significantly.
_ Many indicators show a slowdown in the labor market.
_ Inflation expectations have been raised until the end of the year due to tariffs.
_ We have decided to maintain a neutral monetary policy for now.
_ Demand for workers has declined sharply (the unemployment rate is rising).
_ Inflation risks are beginning to subside and stabilize, so we cut by 25 basis points.
_ There was insufficient data to support a 50 basis point cut.
_ The labor market has begun to slow.
_ The labor market has declined due to immigration laws.
_ The 2% inflation target is expected to be reached in 2028.
_ We could raise interest rates again if prices continue to rise due to tariffs.
_ Ten members expected two rate cuts during the year.
_ I emphasize the independence of the Federal Reserve, and all decisions are based on data.
_ We are recording a high rate of investment in artificial intelligence.
_ I will not comment on any political official's opinion; we are only following the data.
_ We are uncertain about whether artificial intelligence will impact employment.
_ There are no updates regarding my departure from my position.
