Here's your summary from Powell: Current Stance of Fed Policy Is 'About Right' (https://www.youtube.com/watch?v=skP_D2z8k0U) on the Bloomberg Television channel:
### TLDR:
The current stance of Fed policy is considered appropriate by Powell, with a focus on price stability and maximum employment.
### Key Points:
1. Powell believes the labor market is strong and progress is being made towards price stability goals.
2. The policy rate has been maintained for almost a year, with a belief that it is restrictive and may need to be adjusted in the future.
3. Despite the possibility of rate cuts in the future, signs of economic weakness have not been observed, with good progress on inflation and a strong labor market.
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