Powell Says Fed 'at or Near a Point' to Slow, Pause Cuts

The transcript discusses the rationale behind recent economic decisions, focusing on achieving maximum employment and price stability. It analyzes the current state of the labor market, noting a gradual cooling and reduced job creation. Inflation trends are explored, highlighting a decrease in core inflation but noting recent high readings in non-market services. Future economic projections are discussed, with a focus on policy adjustments and the potential for further rate cuts based on inflation progress and labor market strength.

What factors will influence future cuts in policy rates as mentioned in the text?

What does the text suggest about the pace of further adjustments in economic policy?