#PowellRemarks The president of the Federal Reserve, Jerome Powell, recently made comments about the economic outlook, highlighting progress in stabilizing prices and maintaining a strong labor market. Here are the key points:

- *Current Economic Situation*: Powell noted that inflation has significantly decreased and the labor market is no longer overheating. The unemployment rate rose to 4.3%, but remains low in historical terms.

- *Monetary Policy*: The Federal Open Market Committee (FOMC) has moved towards the inflation target of 2%, and Powell expressed confidence that inflation is on a sustainable path back to 2%. The FOMC is attentive to risks on both sides of its dual mandate, including the risk of an undesired weakening of labor market conditions.