Federal Reserve Chairperson Jerome Powell: The Federal Reserve remains focused on achieving its dual-mandate objective

Federal Reserve Chairperson Jerome Powell says the Fed remains focused on achieving its dual-mandate goals of maximum employment and stable prices for the benefit of the American people. The economy is generally strong and has made significant progress toward their goals over the past two years. Labor market conditions have cooled from their previous overheating and are holding steady. Also, while it remains somewhat high, inflation has moved closer to the Fed's long-term goal of 2 percent.