Mumbai, Sept. 24 -- Following last week's decision to cut interest rates for the first time this year, Federal Reserve Chair Jerome Powell delivered remarks before the 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon in Warwick, Rhode Island, on Tuesday.
Powell noted in prepared remarks that near-term risks to inflation are tilted to the upside and risks to employment to the downside, which he called a "challenging situation."
"Two-sided risks mean that there is no risk-free path," Powell said. "If we ease too aggressively, we could leave the inflation job unfinished and need to reverse course later to fully restore 2 percent inflation."
"If we maintain restrictive policy too long, the labor market could soften unne...