Powell: Unemployment rate remains low, labor market is not a source of inflation

BlockBeats News, April 4th, Federal Reserve Chairman Powell: The process of achieving the 2% inflation target has slowed down, and the Fed's responsibility is to ensure that a one-time price level increase does not escalate into a persistent inflation problem, with a highly uncertain outlook and high risks of rising unemployment and worsening inflation. The uncertainty is high and the risk of economic downturn is increasing, but the economic situation remains good. The data shows that economic growth is robust, the labor market is in a balanced state, and inflation is close to but still above the target of 2%. The survey shows that due to new federal policies, especially trade policies, expectations have weakened and uncertainty has increased. The Federal Reserve system is closely monitoring the relationship between hard data and soft data. The unemployment rate is still low, and the labor market is not the source of inflation. (Golden Ten)