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post: Fed’s Powell: US Economy Has Been Performing Very Well Fed’s Powell: US Economy Has a Very Strong Labor Mkt Fed’s Powell: Households Are in Good Shape Financially post: Powell: Overall a Good Picture Looking at US Economic Data So Far Fed’s Powell: Labor Mkt is Coming Back Into Better Balance Powell: Labor Mkt Moving Back Into Better Balance post: Powell: Signs of Gradual Cooling in the Labor Mkt with Supply and Demand Getting Into Better Balance Powell: Inflation in Q1 Was Notable for the Lack of Further Progress Powell: We Did Not Expect a Smooth Road on Inflation, We Have to Be Patient and Let Policy Do Its Work post: Fed’s Powell: We Expect Continued GDP Growth 2% or Better Powell: We Expect the Labor Mkt to Continue to Rebalance but Remain Strong Fed’s Powell: Expect Inflation Will Move Back Down Powell: Expect Inflation to Move Down Back to Levels More Like Last Year post: Fed's Powell: my confidence in inflation moving back down is lower than it was.
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Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the Foreign Bankers’ Association in Amsterdam, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed ...