#PowellRemarks #PowellRemarks

Statements from Jerome Powell, Chair of the Board of Governors of the U.S. Federal Reserve, indicate that the U.S. economy is stable, with strong economic growth and declining inflation. Here are some key points from his recent statements:

- *The U.S. Economy*: Powell indicates that the U.S. economy is growing at a solid pace, with GDP growth of 2.3% in the fourth quarter of last year.

- *Inflation*: He noted that inflation has significantly decreased from its peak in mid-2022, but it is still slightly above the Federal Reserve's target of 2%.

- *Labor Market*: He points out that the labor market is strong, with the unemployment rate falling to 4.1% in February and steady job growth.

- *Monetary Policy*: Powell mentioned that current monetary policy is flexible and can be adjusted according to economic developments, focusing on achieving the inflation target and ensuring labor market stability.

- *Annual Monetary Policy Review*: Powell announced that the Federal Reserve will conduct an annual review of monetary policy, focusing on assessing economic performance and achieving goals.

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