TechFlow, May 19 — According to Jinshi Data, William Dudley, President of the Federal Reserve Bank of New York, stated that recent economic data has been very strong. The economy is approaching full employment, and the labor market is largely balanced. Inflation has been declining slowly and gradually.
First-quarter economic growth was unusual due to trade issues. Monetary policy is in a good position—slightly restrictive and in a healthy state. Some forward-looking indicators have sent worrying signals. Trade remains an especially uncertain factor.
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