STATEMENTS OF Fed Chairman Jerome Powell

•We are fully focused on our missions of price stability and full employment.

•We have adopted a very tight monetary policy since last year.

•We will look carefully in the coming period and, if necessary, continue the strict policy.

•High interest rates put pressure on business investments.

•We will make our decisions by evaluating data and risks.

•We are ready to tighten monetary policy further if necessary.

•Inflation still remains above our long-term expectation of 2%.

•We have a long way to go to bring inflation to the target level in a sustainable manner.

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