According to BlockBeats, Federal Reserve Chairman Powell announced on June 13 that the US economy has made significant strides. He noted that current inflation has considerably eased, although it remains high.
Powell's statement comes as a reassurance to many who have been closely monitoring the economic recovery in the United States. The Fed Chair's acknowledgment of the progress made is a positive sign, indicating that the measures taken to stimulate the economy are yielding results.
However, the issue of inflation remains a concern. Despite the easing, the inflation rate is still higher than desired. This suggests that while the economy is on the right track, there are still challenges to be faced. The Federal Reserve will likely continue to monitor the situation closely and adjust its policies as necessary to ensure a stable and sustainable economic recovery.