Fed's Powell: Downside risks to employment are real now, have to weigh risks

*POWELL: WE GET A LOT OF DATA BETWEEN NOW AND SEPTEMBER

— zerohedge (@zerohedge) July 31, 2024

POWELL:

** WE'VE SEEN SOME TENDENCY TO HAVE A NARROWING BASE OF JOB CREATION SOME MONTHS, BUT NOT IN OTHERS

** WE DO LOOK AT PRIVATE DEMAND EXTRA CAREFULLY

— PiQ (@PiQSuite) July 31, 2024

POWELL:

** STRONG MAJORITY SUPPORTED NOT MOVING RATES AT THIS MEETING

** POLICY LAGS BEGINNING TO SHOW UP IN ECONOMY OVER LAST 6 MONTHS

— PiQ (@PiQSuite) July 31, 2024

POWELL:

** I FEEL GOOD ABOUT WHERE WE ARE

** WE ARE WELL POSITIONED TO RESPOND TO ANY WEAKNESS IN ECONOMY, NOT WHAT WE ARE SEEING THOUGH

** WE HAVE A LOT OF ROOM TO RESPOND IF SAW WEAKNEESS

** WAGE GAINS ARE STILL AT A HIGH LEVEL

— PiQ (@PiQSuite) July 31, 2024