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Powell: "US Economy Remains Robust Despite Uncertainties... No Need to Rush"
YM Lee
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- Chairman Jerome Powell stated that the US economy is robust and there is no need to rush.
- He noted that current inflation is showing a moderating trend without an unemployment surge.
- He explained that employment and the labor market are in balance.
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Jerome Powell, the Federal Reserve Chairman, stated that there is no need to rush to improve the current US economic situation.
In a speech on the 7th (local time), Jerome Powell, the Federal Reserve Chairman, explained, "Currently, inflation is showing a moderating trend without a major unemployment surge. The new administration is introducing several important policies regarding trade, immigration, and other areas, and despite the potential for increased uncertainty due to these policies, long-term inflation expectations remain stable."
He added, "Many indicators show the robustness of employment and the labor market, demonstrating that they are generally in balance."
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