A: Hey there! Heard any news lately?
B: Not really, what's up?

A: So, Powell from the US Federal Reserve just spoke at a meeting in Wyoming!
B: Oh, interesting! What did he say?

A: Well, it seems like he hinted that they might lower interest rates because there are growing risks to the job market.
B: Whoa, that sounds serious! What exactly did he mean by "rising downside risks to employment"?

A: He was talking about the possibility of a lot more people getting laid off and unemployment increasing.
B: That's not good at all! Did he give any specific reasons?

A: Yeah, he mentioned some data about the labor market that came out recently. It showed a slowdown in job creation and even earlier figures for May and June were revised down significantly.
B: Wow, I can see why he's concerned now...

A: He also said that they believe the effects of tariffs on prices are becoming clearer. So, he thinks there could be more inflation in the near future, but a higher risk of unemployment.
B: That sounds like a difficult situation to handle! What does this mean for their policy then?

A: Well, he emphasized that they won't have a set plan and will make decisions based on what the data tells them. So, they'll adjust their stance as needed.