Says he will take some time to carefully monitor developments after rate cuts
Says he will be highly vigilant, keep an open mind on further easing
Concerned about slowing global growth
Says downside risks would decrease if trade tensions moderate
Worried that U.S. manufacturing weakness could spread to broader U.S. economy
Market-determined rates showed policy was too tight before rate cuts
Says U.S. economy is at or past full employment
Expects inflation to reach 2% target over medium-term
Expects 2.1% US GDP growth this year