#PowellRemarks

Statements from Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, indicate that the American economy is stable, with strong economic growth and a decline in inflation. Here are some key points from his recent statements:

- *The American Economy*: Powell indicates that the American 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 is still slightly above the Federal Reserve's target of 2%.

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

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