Odaily Planet Daily News, Federal Reserve Chairman Powell: The overall economy is strong and committed to maintaining strong economic development. Today, the Fed has reduced the degree of policy tightening. Our decision today reflects a growing confidence that the strong performance of the labor market can be sustained. The labor market has cooled down from its previous overheated state. Consumer spending has remained resilient. (Jinshi)
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Fed Chair Powell: The overall economy is strong and committed to maintaining strong economic growth.
Odaily Planet Daily News, Federal Reserve Chairman Powell: The overall economy is strong and committed to maintaining strong economic development. Today, the Fed has reduced the degree of policy tightening. Our decision today reflects a growing confidence that the strong performance of the labor market can be sustained. The labor market has cooled down from its previous overheated state. Consumer spending has remained resilient. (Jinshi)