A: Hey there! Heard any news lately?
B: Not much, what's up?
A: Well, Powell just spoke at that economic symposium in Wyoming. Seems like he hinted about lowering interest rates due to increasing risks to the job market.
B: Oh, really? What did he say exactly?
A: He said downside risks to employment are growing, and there might be a lot of layoffs coming up. But he also mentioned that they'll be careful since the unemployment rate is still stable.
B: So, it sounds like they might make some changes to their policy then?
A: Exactly! He said the current policy is already tight, but the situation might call for adjustments.
B: I see... and he also mentioned something about tariffs affecting consumer prices?
A: Yes, that's right! He said we can already see the effects of tariffs on prices. It seems like inflation risks are higher now, while employment risks are lower. Sounds tricky!
B: Yeah, it does... but I guess they'll decide based on data and what it means, right?
A: Absolutely! He emphasized that their policy isn't on a fixed track; they'll make decisions based solely on their assessment of the data.
B: Not much, what's up?
A: Well, Powell just spoke at that economic symposium in Wyoming. Seems like he hinted about lowering interest rates due to increasing risks to the job market.
B: Oh, really? What did he say exactly?
A: He said downside risks to employment are growing, and there might be a lot of layoffs coming up. But he also mentioned that they'll be careful since the unemployment rate is still stable.
B: So, it sounds like they might make some changes to their policy then?
A: Exactly! He said the current policy is already tight, but the situation might call for adjustments.
B: I see... and he also mentioned something about tariffs affecting consumer prices?
A: Yes, that's right! He said we can already see the effects of tariffs on prices. It seems like inflation risks are higher now, while employment risks are lower. Sounds tricky!
B: Yeah, it does... but I guess they'll decide based on data and what it means, right?
A: Absolutely! He emphasized that their policy isn't on a fixed track; they'll make decisions based solely on their assessment of the data.
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Summary
Fed Chair Powell spoke at an economic symposium in Wyoming, hinting at potential interest rate cuts due to increasing job market risks. He mentioned downside risks to employment and the possibility of layoffs, while emphasizing that the current policy is tight but may need adjustments.