📉Inflation remains high, and the path to bringing it down is uncertain.
💼The labor market remains tight, with strong job creation but easing wage growth.
📈The economy has made good progress, with solid GDP growth and expanding economic activity.
💵The Fed is committed to returning inflation to the 2% goal and maintaining price stability.
📊The Fed's policy rate is likely at its peak, and dialing back policy restraint is expected this year.
What is the current stance of monetary policy?
—The Fed decided to leave the policy interest rate unchanged and continue reducing securities holdings.
What is the outlook for inflation?
—Inflation remains above the 2% goal, and the path to bringing it down is uncertain.
How is the labor market performing?
—The labor market remains tight, with strong job creation, but wage growth is easing.
Has the economy made progress?
—Yes, the economy has made good progress, with solid GDP growth and expanding economic activity.
What is the Fed's commitment regarding inflation?
—The Fed is committed to returning inflation to the 2% goal and maintaining price stability.
00:01Fed Chair Jerome Powell remains committed to returning inflation to the 2% goal.
00:10The economy has made good progress, but inflation is still too high.
01:01The Fed decided to leave the policy interest rate unchanged and continue reducing securities holdings.
02:21The labor market remains tight, with strong job creation but easing wage growth.
03:35The risks to achieving employment and inflation goals are moving into better balance.
