⚠️ Jerome Powell (head of #FED ):

✔ The US economy is performing very well.

✔ The labor market is strong (as before the pandemic), there are signs of cooling.

✔ Households are currently in positive financial condition.

✔ Consumer spending is high, business investment is strong.

✔ Supply and demand are also returning to a better balance.

✔ In the fight against inflation, we need to be patient and let the Fed's monetary policy do its job.

✔ I expect GDP growth of 2% or higher.

✔ There was no progress in disinflation in the 1st quarter.

✔ My confidence in a rapid decline in inflation is now lower than it was before.