Chair Powell outlined clear options for the fed funds rate - remain at present level or cut. He highlighted three paths leading to a rate cut if inflation moves or labor market weakens.
No hawkish path ahead; rates stay if inflation is stable, cut if it fades. FOMC aims to implement a rate cut amidst disappointing data.
Quantitative tightening to slow down significantly with Treasury run-off cap cut to $25bln monthly, showcasing the FOMC's adjusted approach to balance sheet management.
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