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Fed Chairman Jerome Powell said in a speech at 23:35 Vietnam time on September 23, 2025:
- 📉 The US economy is slowing down, especially with a weakening labor market and increasing risks of job losses.
- 💰 The Fed has lowered interest rates by 0.25% to support employment and prevent a deeper economic recession.
- 🔄 The monetary policy will be flexible and based on actual data, not on a fixed schedule.
- ⚖️ The inflationary pressure from tariffs is temporary; the Fed will control inflation to return to the 2% target.
- 👀 The Fed continues to closely monitor economic data and will adjust policies accordingly to balance the goal of maximum employment and controlling inflation.
In summary, Powell emphasized caution in monetary policy, aimed at supporting growth and employment in the context of many current economic challenges.
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