PANews June 24 news, Federal Reserve Chairman Powell submitted his semiannual monetary policy report testimony to Congress, pointing out that the Federal Reserve remains focused on achieving its dual mandate of maximum employment and price stability for the benefit of the American people. Despite increasing uncertainty, the economy is in a solid position. The unemployment rate remains very low, and the labor market is at or near maximum employment levels. Inflation has significantly decreased but is still slightly above the Federal Reserve's long-term target of 2%. The Federal Reserve is aware of the two-way risks to their dual mandate.