⚠️ Jerome Powell (director of the #FED):

✔ The US economy is doing very well.

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

✔ Households are currently in a positive financial situation.

✔ Consumer spending is high, business investment is strong.

✔ Supply and demand are also regaining a better balance.

✔ In the fight against inflation, we must be patient and let the Federal Reserve's monetary policy do its job.

✔ I expect GDP growth of 2% or more.

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

✔ My confidence in a rapid fall in inflation is now lower than before.