Here's your summary from Fed Chair Powell Goes Before the Senate (https://www.youtube.com/watch?v=NNK2RD5xd6E) on the Bloomberg Television channel:

### TLDR:

Inflation has eased, labor market is balanced, Fed Chair Powell emphasizes cautious policy adjustments.

### Key Points:

1. Inflation has eased notably over the past couple of years.

2. Labor market conditions have cooled compared to two years ago.

3. Fed Chair Powell highlights the need for cautious policy adjustments to avoid harming economic activity or progress on inflation.

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