Powell: Fed will make policy decision on a 'meeting-by-meeting' basis

• Fed will make policy decisions on a 'meeting-by-meeting' basis.
• Decisions will be based on incoming data, the evolving outlook, and the balance of risks.
• Monetary policy is not on a preset course.

Fed Chair Jerome Powell announced that future monetary policy decisions, including interest rate adjustments, will be made on a 'meeting-by-meeting' basis. He emphasized that policy is not on a preset course and will be guided by incoming data, the evolving economic outlook, and the balance of risks.