🚨 Live stream of the speech by Fed Chair Jerome Powell

The Chair of the Federal Reserve System of the United States, Jerome Powell, delivered an important address on economic prospects in the state of Rhode Island. This speech comes shortly after the recent reduction in the Fed's interest rate.

Key Statements from Powell:

• Change in risk balance "may require policy adjustments" — indicating the Fed's readiness to adapt its monetary strategy based on economic indicators.

• The risks of declining employment are increasing — the situation in the labor market is causing more and more concern for the regulator.

• The supply of labor has decreased in proportion to demand — there is a synchronous weakening of both the demand for labor and its supply.

• The Fed is moving away from flexible inflation targeting — a possible change in the approach to inflation control.

• Stable inflation expectations cannot be considered "properly" — the regulator expresses caution in assessing the current stability of inflation expectations.

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