Fed Chairman Powell: 12-month inflation has fallen sharply and is expected to continue to fall.

Fed Chairman Powell: The timing of interest rate cuts depends on our confidence.

Fed Chairman Powell: We are managing the risks of moving too early and moving too late.

Fed Chairman Powell: We are in risk management mode.

Fed Chairman Powell: We are taking a comprehensive look at financial conditions.

Fed Chairman Powell: We don’t know where the neutral level of interest rates is.

Fed Chairman Powell: In theory, real interest rates will rise when inflation falls, but policy cannot be adjusted mechanically.

Fed Chairman Powell: We are trying to identify a place where we are confident about inflation to begin the process of tapering restrictive levels.

Spot gold has returned to the level before the interest rate decision, now trading at $2,047.33 per ounce.

Fed Chairman Powell: Almost all committee members believe it is appropriate to cut interest rates (this year).

Fed Chairman Powell: A lot of the progress in the fall in inflation comes from the commodity sector.

U.S. Senate Minority Leader McConnell: The border security bill being negotiated is an improvement over the current law.

Fed Chairman Powell: We don’t see strong economic growth as a problem.

Fed Chairman Powell: The question is whether the six-month data sends an accurate signal, so more data is needed.

Fed Chairman Powell: A year ago, we thought we needed to see some signs of economic weakness.

Fed Chairman Powell: We have six months of good inflation data.

Fed Chairman Powell: Regarding inflation data, we need to make sure that what we are seeing is a real signal.

Federal Reserve Chairman Powell: We hope to see more data and hope that the good data performance can continue.

During the speech by Federal Reserve Chairman Powell, the U.S. dollar index DXY fell by more than 10 points in the short term, as low as 103.20, and the U.S. dollar against the Japanese yen USD/JPY fell by 20 points in the short term to 146.39.