According to PANews, Fed Chairman Powell recently gave a speech, saying that the US economy is performing very well and has a very strong labor market. He pointed out that the labor market is returning to a better balance and the current labor market tension is the same as before the COVID-19 pandemic. Powell also mentioned that there was no further progress in US inflation in the first quarter, and they did not expect the inflation path to be smooth, and they must wait patiently for policies to work. He expects US GDP to continue to grow at a rate of 2% or higher, while expecting inflation to fall month-on-month.