The Fed announced its eagerly awaited interest rate decision and left the rate unchanged for the 3rd time in a row. The expectations of the market were also formed in this direction, but the statements of the chairman of the institution, Jerome Powell, at the press conference to be held were eagerly awaited.

While Powell used many expressions that could be seen as positive, the most important of them was that he said that interest rate cuts could now be discussed at the FOMC meetings. Answering journalists' questions, the Fed chairman's prominent statements from the press conference are as follows:
"We can start talking about interest rate cuts"
The effects of the tightening are still not fully felt. Inflation is falling, but still above our expectations... It will take time to bring inflation down to 2 percent. We think that interest rates are close to their peak, but we will not hesitate to raise interest rates if necessary. We will continue to decide from meeting to meeting. Today, many branch heads have expressed their views on interest rates. In the majority, there was an expectation that interest rate cuts would now be discussed. I had this idea that while inflation was coming down, we could avoid a recession at the same time, and we see that we have achieved that so far.
"The trajectory is good, but we will be careful"
We want to see clear signs that we will reach the 2 percent level. We are pleased with the progress, but we will continue to be careful. If growth goes beyond expectations, we may eventually have to raise interest rates again. Of course, we don't want a recession to come. What we want is for us to move forward as the current data shows. And this is a decrease in inflation without significant unemployment. We need to look at a lot of data, but a recession would be one of the most important reasons to move us to cut interest rates.
On the other hand, despite many positive statements, Powell stated that they did not talk about changing the pace of monetary tightening and gave the message that the policy in this sense would continue.

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