Federal Reserve Chairman Powell: The real problem in the housing market is insufficient supply.

Federal Reserve Chairman Powell: As long as rental prices remain under control, we can reduce inflation to 2%.

Federal Reserve Chairman Powell: As interest rates go down, people will sell more (homes).

Federal Reserve Chairman Powell: The housing market has stagnated to some extent due to rising interest rates.

Federal Reserve Chairman Powell: We are encouraged by the progress we have made on inflation.

Federal Reserve Chairman Powell: We will gradually adjust interest rates to a more normal level.

Federal Reserve Chairman Powell: The Fed will see two non-farm payroll reports before the next meeting.

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

Federal Reserve Chairman Powell: Downside risks facing the job market have increased.

Federal Reserve Chairman Powell: The resignation rate has returned to normal levels.

Federal Reserve Chairman Powell: Job vacancies remain at a fairly strong level.

Federal Reserve Chairman Powell: The unemployment rate remains at a healthy level.

Federal Reserve Chairman Powell: We have been very patient.

Federal Reserve Chairman Powell: We think this is the right time (to cut interest rates); but it shows our determination not to fall behind.

Federal Reserve Chairman Powell: We will adjust policy at a pace we deem appropriate.

Federal Reserve Chairman Powell: Our policy direction is moving towards a neutral stance.

Federal Reserve Chairman Powell: Now is the time to adjust our policies to better suit current economic conditions based on developments in inflation and the job market.

U.S. Senator Warren: This rate cut is a sign that Federal Reserve Chairman Powell has waited too long.