Chair Powell: "U.S. economy stable... inflation remains somewhat high"

JH Kim

Summary

Jerome Powell stated that the U.S. economy is generally stable.
Powell mentioned that inflation still exceeds the target of 2%.
Powell remarked that the labor market and unemployment rate are showing resilience.

According to CNBC on the 18th (local time), Jerome Powell, the Chair of the U.S. Federal Reserve System (Fed), stated, "The U.S. economy is generally maintaining a stable trajectory, and inflation remains somewhat high, still exceeding the target of 2%."

He emphasized, "The unemployment rate continues to remain low, and the labor market is also still showing resilience."

In addition, Powell added, "Various economic indicators suggest that the current economy is near maximum employment."

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

Chair Powell: "U.S. economy stable... inflation remains somewhat high"

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