Powell: Downside risks have risen, but the economy remains in good shape
2025-04-04 15:39:30
Speaking on the economic outlook, Federal Reserve Chairperson Jerome Powell said the Fed is fully focused on achieving the dual mandate given to us by Congress, which is to maximize employment and stabilize prices. Despite high uncertainty and rising downside risks, the economy remains in good shape. Upcoming data show solid economic growth, a balanced labor market, and inflation closer to, but still above, our 2 percent target.
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