Federal Reserve Chair Powell: The U.S. economy is strong, inflation is close to the 2% target but still high, and policy may remain cautious

TechFlow news, on February 11, according to Jinshi Data, Federal Reserve Chair Powell stated that the U.S. economy is broadly strong and inflation is close to the 2% target, though still slightly elevated. He also noted that if the labor market weakens unexpectedly or inflation declines more than anticipated, policy could be moderately eased. However, if the economy remains strong and inflation does not move closer to 2%, a cautious policy stance may need to be maintained for a longer period.