Federal Reserve Chairman Powell: Many of the practices that were considered wise have not worked, and the situation is unique.

The yield on the five-year U.S. Treasury note fell to an intraday low of 3.99%.

Federal Reserve Chairman Powell: Job vacancies remain high by historical standards.

Federal Reserve Chairman Powell: If we see economic weakness, we have a lot of room to respond.

Federal Reserve Chairman Powell: The data does not show signs of economic weakness or overheating.

Federal Reserve Chairman Powell: We are very capable of dealing with economic weakness.

Federal Reserve Chairman Powell: Policies to address dual-mandate risks are in a good position.

Federal Reserve Chairman Powell: We have observed a trend of narrowing the base of new employment in some months but not in other months.

Federal Reserve Chairman Powell: There is still a lot of data to be released between now and September.

Federal Reserve Chairman Powell: The time is coming to appropriately relax policy restrictions.

Federal Reserve Chairman Powell: The policy rate is clearly restrictive.

Federal Reserve Chairman Powell: As the job market cools, upside risks to inflation have decreased.

Federal Reserve Chairman Powell: The downside risks facing the current employment task are real.

Federal Reserve Chairman Powell: Long-term inflation expectations appear to be firmly anchored.

Federal Reserve Chairman Powell: The recent decline in inflation was mainly driven by housing and service prices.

Federal Reserve Chairman Powell: The inflation we are seeing is slightly better than last year and is more widespread.

Federal Reserve Chairman Powell: There is no guidance on the pace of rate cuts because it depends on economic conditions.

Federal Reserve Chairman Powell: ECI data shows the "exact pattern" the Fed wants to see.