Powell: The Future Direction of Monetary Policy Will Be Driven by Data and Risk Assessment

Jinse Finance reported that Federal Reserve Chairman Powell stated that the future direction of monetary policy will be driven by data and risk assessments. The balance sheet remains an important monetary policy tool, and stopping the expansion of the balance sheet earlier might have had only a minor impact. Risks in the job market are rising, which justifies a rate cut in September. Expectations for the labor market continue to trend downward.