In a recent address, Federal Reserve Chair Jerome Powell discussed the economic outlook, emphasizing that the U.S. economy is in 'solid shape.' He indicated that further interest rate cuts are anticipated, although he clarified that the Fed is 'not on any preset course' for these adjustments. Powell expressed growing confidence in the economy's ability to achieve a soft landing, pointing to revised figures for Gross Domestic Income (GDI) which have mitigated some downside risks. He supported the notion of moving toward a more neutral monetary policy stance over time, while continuing to adapt decisions based on incoming economic data. Overall, Powell's remarks suggest a balanced approach to policy adjustments in the face of evolving economic conditions.