Today, Federal Reserve Chair Jerome Powell is speaking about the current economic outlook, including topics such as the recent quarter-point interest rate cut to 4-4.25%, the balancing act between controlling inflation and supporting employment, and the Federal Reserve's commitment to its dual mandate of maximum employment and stable inflation at 2%. He emphasized that the Fed's policy is not on a preset course and will continue to be determined by incoming data and evolving economic risks. Powell also addressed the relatively high valuation of stocks in the market and noted the importance of monitoring financial conditions in light of the Fed's policy objectives.
