Federal Reserve Chairman Powell said at a recent press conference that the Federal Reserve will continue to be committed to achieving its dual mission and strive to return inflation to 2%. He pointed out that the full impact of the interest rate hike has not yet been felt, but economic activity is already expanding at a moderate pace. Powell emphasized that the FOMC's future interest rate hikes will rely on data. The labor market is still very tight and employment growth remains strong. He said that inflation has eased to a certain extent, but there is still a long way to go before inflation returns to 2%. Powell revealed that no decision has been made on any future meetings, but that the Fed may raise interest rates in September if data shows the need.