[Federal Reserve Chairman Powell Says Closely Monitoring Credit Conditions] Federal Reserve Chairman Powell stated that the Fed is paying very close attention to credit conditions. The currently observed rise in default rates does not indicate broader credit issues.

[Powell Says No Significant Deterioration in Economic Sectors] Federal Reserve Chairman Powell stated that no significant deterioration has been observed across economic sectors, and the overall economic situation is good. He believes the actions taken by the Federal Reserve so far this year have been appropriate.

[Powell Says the Process of Renominating the Fed Chair Will Be Completed in a Timely Manner] On October 30, Federal Reserve Chair Powell stated that the process of renominating the Fed Chair will be completed in a timely manner.

[Powell Says Missing Economic Data May Affect Rate Adjustment Decisions] On October 30, Federal Reserve Chairman Powell stated that missing economic data could be a reason to pause rate adjustments. In the absence of sufficient data, the Federal Reserve may need to adopt a more cautious approach. He also mentioned that a government shutdown could impact the December meeting.

Though acknowledging growing weakness in the labor market, Powell said a December rate cut is not a "foregone conclusion."