Comments by Fed Chairman Jerome Powell
- Recent indicators indicate that the economy is still growing at a strong pace
- Consumer spending remains strong
- GDP has slowed down but private domestic final purchases are still growing at the same pace as the second half of 2023
- The labor market has become better balanced, but the jobs data for April and May are still strong
- The unemployment rate has risen, but it is still low
- A wide range of indicators suggests that we are back to where the job market was on the eve of the pandemic, relatively tight but not overheated
- Inflation has significantly decreased
- Recent readings on inflation have fallen somewhat
Reactions to these addresses have been almost non-existent so far.
