BlockBeats news, on April 4, The Federal Reserve (FED) Chairman Powell: The process of achieving the 2% inflation target has slowed down, and the responsibility of the FED is to ensure that one-time price level rises do not evolve into a persistent inflation problem. The outlook is highly uncertain, with elevated risks of rising unemployment and intensifying inflation. There is high uncertainty, and the risk of economic downturn is increasing, but the economic situation remains good. Data indicates robust economic growth, the labor market is in balance, and inflation is close to but still above the 2% target. Surveys show that expectations have weakened and uncertainty has increased due to new federal policies, especially trade policies. The FED system is closely monitoring the relationship between hard data and soft data. Unemployment remains low, and the labor market is not a source of inflation. (Jin10)
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