SUMMARY OF FED CHAIR POWELL'S SPEECH*
1. Shifting balance of risks "may warrant adjusting policy"
2. Suggests downside risks to employment are rising
3. Labor supply has softened in-line with demand
4. Fed abandoning flexible average inflation targeting framework
5. Can't take stable inflation expectations "for granted"
*The Fed is preparing for a September rate cut 🚀*#FOMCMinutes #MarketPullbackl
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