Powell says Fed is 'well positioned' for more data before lowering rates

Monetary Policy Stance - The industry aims to keep longer-term inflation expectations well-anchored [1] - The industry intends to prevent a one-time price level increase from becoming an ongoing inflation problem [1] - The current policy stance is seen as appropriate to guard against inflation risks [1] - The industry is attentive to risks on the employment side of its mandate [2] Economic Assessment - The industry is well-positioned to learn more about the likely course of the economy and the evolving balance of risks [1] - The industry will receive a good amount of data in coming months to inform its assessment of the balance of risks [2] - This data will help determine the appropriate setting of the federal funds [2]