Fed's Powell Says Policy Is in a Good Place and Likely to Remain Appropriate

The transcript discusses the current economic outlook, focusing on a strong labor market and inflation near the 2% objective. It highlights changes in interest rate paths due to global growth weaknesses and trade risks. The Federal Reserve has adjusted the federal funds rate multiple times to support the economy. The effects of these monetary policies will be realized over time, and the current stance is deemed appropriate as long as economic data aligns with expectations. Future policy actions will be monitored, and adjustments will be made if necessary, emphasizing that policy is not on a preset course.

What ongoing risks are mentioned that could affect the economy?

What will the monitoring of policy actions help assess in the future?