Federal Reserve Chairperson Jerome Powell: Despite increased uncertainty, the economy is in a sound position
2025-06-24 12:38:10
On June 24th, Federal Reserve Chairperson Jerome Powell submitted his semi-annual monetary policy report testimony to Congress. Powell noted that the Federal Reserve remains focused on achieving its dual mandate goals of maximizing employment and stabilizing prices for the benefit of the American people. Despite increased uncertainty, the economy is in a solid position. Unemployment remains low and the labor market is at or near maximum employment. Inflation has fallen sharply, but remains slightly above the Fed's long-term goal of 2 percent. The Fed is mindful of the two-way risks of their dual mandate.
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