• Monetary policy continues to be in a position to put downward pressure on inflation
  • Fed has a balancing act, underlying inflation moderating
  • I see very little uncertainty int eh transition to new directors at the central bank
  • Fed has seen resilient labor market that's gradually softening
  • Doesn't want to see labor market softening go too far
  • Inflation expectations are somewhat high but long term expectations are anchored
  • Some upside inflation risks have ebbed, it made sense to cut rates

This sounds like he's open to cutting further

Source: Investing Live