TechFlow news, according to Jinshi, Federal Reserve Chair Powell stated in a speech that the U.S. economy is performing very well with a very strong labor market. U.S. inflation made no further progress in the first quarter, and he did not expect the path of inflation to be smooth. He emphasized that policymakers must remain patient for monetary policy to take effect. U.S. GDP will continue growing at 2% or higher, though confidence in declining inflation is lower than before, and inflation rates are expected to decline on a month-over-month basis.
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