Federal Reserve Chair Jerome Powell stated that the U.S. economy is performing well, but inflation continues to face potential upside risks. Powell emphasized the resilience of the economy during recent remarks, highlighting positive indicators. He noted that while growth remains steady, inflationary pressures could still emerge, necessitating careful monitoring. The Fed is committed to its dual mandate of promoting maximum employment and stabilizing prices, which remains a priority. Powell’s comments reflect ongoing concerns about inflation, despite the overall strength of economic performance. The central bank will continue to assess economic conditions and adjust its policies accordingly to ensure stability.
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