Federal Reserve Chairman Powell: The U.S. economy is generally strong, with inflation close to the 2% target
Internet reports that Federal Reserve Chairman Powell said that the Federal Reserve's framework assessment will not focus on the inflation target, and the inflation target will remain at 2%. Current policies are fully prepared to deal with risks and uncertainties. If the economy remains strong and inflation does not move towards 2%, policy caution can be maintained for a longer period of time. If the labor market unexpectedly weakens or inflation falls more than expected, policies can be relaxed moderately. The U.S. economy as a whole is strong, with inflation close to the 2% target, but still slightly high. The Fed will complete its framework review by late summer.
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