#DigitalAssetBill

Statements by the Chairman of the Federal Reserve

Federal Reserve Chairman Jerome Powell said that the employment and layoffs rates are low, and a significant increase in layoffs is likely to lead to unemployment quickly.

Powell added during the press conference following the meeting results that sometimes it is appropriate to take a grim view of temporary inflation, adding: "We expect strong economic data, and we will monitor inflation expectations very closely."

He continued: “If the labor market weakens, we can ease monetary policy if necessary, and there is no need to rush.”

The Federal Reserve Chairman clarified that it is too early to say whether it is appropriate to look through the impact of inflation on tariffs, emphasizing: "There is no need to rush."

Retail Sales in the United States

U.S. retail sales rose in February by less than expected, and data for the previous month was revised downward. However, sales in the controlling group - which is included in the spending calculations for GDP - rose by 1% last month, reflecting the previous downward trend.