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Fed Chair Powell: Despite Increased Uncertainty, Economy in Stable Position
Summary: In a recent update, Fed Chair Powell testified before Congress, stating that the Fed remains focused on achieving its dual mandate goals of maximum employment and stable prices to benefit the American people. Despite increased uncertainty, the economy is in a stable position, with low unemployment rates and the labor market at or near maximum ...
In a recent update, Fed Chair Powell testified before Congress, stating that the Fed remains focused on achieving its dual mandate goals of maximum employment and stable prices to benefit the American people. Despite increased uncertainty, the economy is in a stable position, with low unemployment rates and the labor market at or near maximum employment levels. Inflation rates have significantly decreased but still slightly above the Fed's long-term target of 2%. The Fed is mindful of the dual risks to their mission.
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Link: Fed Chair Powell: Despite Increased Uncertainty, Economy in Stable Position [Copy]
