Federal Reserve Chairman Powell: Inflation is closer to the 2% target.
Bitget news, Federal Reserve Chairman Powell stated: The overall economic performance is strong. The job market has cooled down from an overheated state. Inflation is closer to the 2% target. Consumer spending continues to be resilient, and economic activity continues to expand at a steady pace. The labor market remains robust. Unemployment rates have risen slightly but still remain at lower levels. Wage growth has slowed down.
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