Powell: Fed may adjust policy more slowly if economy stays solid and inflation remains stubborn

On 19 September, Federal Reserve Chairman Jerome Powell said in a speech that the upside risks to inflation have weakened, while the downside risks to the labour market have risen. The Fed has not set any fixed path for interest rates and will meet on a meeting-by-meeting basis to make decisions. If the economy remains solid and inflation stays stubborn, policy may be adjusted more slowly. If the labour market deteriorates, we could also respond accordingly.