Federal Reserve's Powell: The US economy has performed very well.

Federal Reserve Chairman Powell: Consumer spending and business investment are strong.

Fed's Powell: There are still labor shortages in many sectors, but overall it's a good picture when you look at the U.S. economic data so far.

Fed's Powell: There are signs of gradual cooling in the labor market with a better balance between supply and demand.

Fed's Powell: The labor market is as tight now as it was before the pandemic.

Fed's Powell: Labor market slowly returning to better balance.

Fed's Powell: Inflation in the first quarter was notable for lack of further progress....

Fed's Powell: We expect the labor market to continue rebalancing but remain strong. My confidence that inflation will return is lower than before.

Fed's Powell: We expect GDP growth to continue at 2% or more.

Powell's reduction of pressure on the labor market may be the Fed's new path in the next meetings. As for inflation, less aggressive than last Fed conference

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