Powell's remarks on Friday

_ Inflation has declined despite falling unemployment rates.

_ Unemployment in July fell more than expected.

_ There is clear weakness in the labor market.

_ The labor market is balanced, but risks remain high.

_ High tariffs have raised commodity prices, significantly increasing inflation.

_ Higher prices will lead to higher inflation.

_ Inflation remains above target and remains a problem for American households.

_ Inflation risks are on the upside, and the Fed must strike a balance.

_ We will never deviate from our opinion based on the available data.

_ We are proceeding steadily to combat inflation.