Analysis: Powell Indicates Fed’s Top Priority Has Shifted to Supporting the Labor Market, Interest Rate Decisions to Be Driven by Employment Data

According to a report by Jinse Finance, The Kobeissi Letter analyzed the significance of Federal Reserve Chair Powell's speech today: "Today's remarks indicate that their top priority has shifted to supporting the labor market. The change in risk balance may require policy adjustments, and he specifically referred to the labor market. Therefore, employment reports will determine future rate cuts."