FED PRESIDENT POWELL: - Policy has progressed well into restricted areas. - The good news is that inflation is falling without unemployment - We are committed to our 2% inflation target - The road ahead is uncertain - We proceed carefully - We will decide according to the incoming data. - Activity in the housing sector stabilized - Growth in economic activity necessarily slowed down. - The labor market is tight but coming into better balance. - Nominal wage growth appears to be improving. - We are ready to tighten further if necessary. - We think that interest rates are close to the peak, but we will not refrain from increasing interest rates if necessary. - It will take time for inflation to drop to 2% -We added the word "any" to indicate that we think we are at or near the peak for rates. - We are still focused on the question of whether interest rates are high enough - Nobody is declaring victory, it would be premature. - The issue of interest rate cuts, this issue started to come to the fore and