Fed Chair Powell: We are well positioned to wait and see how the economy evolves

Our monetary policy actions are guided by our dual mandate to promote maximum employment and stable prices for the American people. At today's meeting, the committee decided to lower the target range for the federal funds rate by a quarter percentage point to 3 to 3 and 3/4%. In the near term, risks to inflation are tilted to the upside and risks risks to employment to the downside, a challenging situation.There is no risk-free path for policy as we navigate this tension between our employment and inflation ...