Federal Reserve Chair Jerome Powell has expressed confidence in the strength of the US economy, stating it is in 'solid shape' and emphasizes a cautious approach to interest rate cuts. Powell outlined that while the Fed is not in a hurry to lower rates, gradual adjustments can support a soft landing amid current economic conditions. His comments have positively influenced Asian-Pacific markets, which are expected to open higher. Powell also highlighted a growing confidence in cooling inflation, suggesting that two more normal-sized rate cuts may occur as data evolves. Despite the optimism, he warned of 'two-sided' risks ahead and affirmed the Fed's strategy is not on a 'preset course,' indicating flexibility based on economic indicators.