Fed Chair Powell: US economy strong, inflation near 2% target but still high, may maintain policy caution

On 11 February, according to Golden Ten Data news, Federal Reserve Chairman Jerome Powell said that the U.S. economy as a whole is strong, and inflation is close to the 2% target, but still a little on the high side. He also pointed out that if the labour market unexpectedly weakened or inflation fell more than expected, policy could be moderately relaxed. But if the economy continues to be strong and inflation is not close to 2%, it may be necessary to maintain a cautious approach to policy for a longer period of time.