Powell says shifting risks may warrant Fed policy adjustment#shorts #powell #jacksonhole #fed

Inflation & Employment Risks - Inflation risks are tilted to the upside, while employment risks lean towards the downside [1] - The framework necessitates balancing both sides of the dual mandate [1] Monetary Policy Stance - The policy rate is 100 basis points closer to neutral than a year ago [2] - The stability of the unemployment rate allows for careful consideration of policy changes [2] - With policy in restrictive territory, adjustments to the policy stance may be warranted [2] - Monetary policy is not on a preset course [3] - Decisions will be based solely on data assessment and its implications for the economic outlook and balance of risks [3]