According to BlockBeats, Federal Reserve Chairman Powell announced on June 13 that the US economy has made great strides. He noted that current inflation has declined significantly, although it remains high.

Powell's statement comes as a reassurance to many who are closely monitoring the economic recovery in the United States. The Fed Chairman's acknowledgment of the progress made is a positive sign, indicating that the measures taken to stimulate the economy are bearing fruit.

However, the issue of inflation remains a concern. Despite the easing, the inflation rate remains higher than desirable. This indicates that although the economy is on the right track, there are still challenges to be faced. The Federal Reserve is likely to continue to closely monitor the situation and adjust its policies as necessary to ensure a stable and sustainable economic recovery.