14:36 EST Powell says ‘do not need to be in a hurry’ to adjust policy stance
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Read More on SPY:
- Fed Chair says inflation has eased, but remains ‘elevated’ compared to goal
- Federal Reserve keeps federal funds rate unchanged at 4.25%-4.50%
- Fed says unemployment rate ‘stabilized at a low level’
- Fed says rate changes dependent on incoming data, ‘evolving outlook’
- Fed says inflation remains ‘somewhat elevated’