Jerome Powell, the Chairman of the Federal Reserve, delivered remarks following the Federal Reserve's two-day policy meeting on Wednesday. The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, which is the third consecutive reduction and the last step in a series of rate cuts in response to a rapidly changing economic landscape. The move is seen as a cautious step towards further rate cuts in the coming years, as the Fed continues to monitor inflation and economic growth. In his remarks, Powell emphasized the importance of keeping interest rates low to support the economy, but also acknowledged the need to balance this with concerns over inflation. The rate cut is expected to have a positive impact on the economy, particularly for consumers and businesses, as it will make borrowing cheaper and stimulate demand. However, some experts caution that the move may not be enough to boost economic growth and may lead to further rate cuts in the future. As the Fed continues to navigate a complex economic environment, its next move will be closely watched by investors and analysts, who are eager to understand the implications of the rate cut for the economy and financial markets.