Federal Reserve Chair Powell: Inflation Has Eased, But Remains Elevated

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Federal Reserve Chair Jerome Powell acknowledged that inflation has shown signs of easing, but emphasized that it is still at an unacceptably high level. This assessment suggests that the Federal Reserve will likely maintain a cautious approach to monetary policy. The Fed is closely watching economic indicators to determine the appropriate course of action to bring inflation back to its target range without triggering a significant economic downturn.