Powell: Downside risks have increased, but the economy is still in good shape "
According to online reports, Federal Reserve Chairman Powell delivered a speech on the economic outlook. He said that the Federal Reserve is fully focused on achieving the dual mission goals given to us by Congress, namely, maximizing employment and stabilizing prices. Despite high uncertainties and rising downside risks, the economy is still in good shape. Upcoming data shows solid economic growth, a balanced labor market, and inflation is closer to but still above our 2% target.
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