Fed Chair Powell: Current Policy Stance is Appropriate

On April 30, Federal Reserve Chair Jerome Powell stated that the current policy stance is appropriate and helps to achieve the Fed's policy objectives. The U.S. economy has maintained steady growth; employment growth has been slow, and the unemployment rate has not changed significantly, while consumer spending remains resilient. Developments in the Middle East bring a high degree of uncertainty. There are risks to both sides of the dual mandate, with long-term inflation expectations aligned with the 2% target.