In his testimony to Congress, Fed Chairman Powell reiterated the Fed's dual mission: to promote maximum employment and price stability. He noted that although inflation has eased, it is still above the 2% target and the labor market remains strong. The US economy continues to grow at a solid pace, and private domestic demand and consumer spending remain strong.

In terms of monetary policy, Powell emphasized the Fed's decision to maintain the federal funds rate target range at 5.25% to 5.5% and will continue to reduce securities. He mentioned that although inflation data showed some moderation, the Fed will remain cautious in adjusting the interest rate target range and make decisions based on upcoming data and inflation prospects.

Powell's testimony mentioned that high inflation is not the only risk, and reducing policy constraints too early or too late may have an adverse impact on economic activity and employment. This shows that although inflation issues are of concern, the Fed is also wary of the risks that may arise from over-adjusting policies. #德国政府转移比特币 #Mt.Gox将启动偿还计划 #BTC下跌分析 #美联储何时降息？ #BTC☀