#Will ETH see a strong rebound in May?# Federal Reserve Chairman Powell confirms that restrictive monetary policy fulfills its duty
According to BlockBeats, Federal Reserve Chairman Powell stated on May 2 that restrictive monetary policy fulfills its intended role. He was confident in the progress made on Inflation issues. "We have made significant progress on the issue of Inflation," Powell said. He acknowledged that reducing the Inflation to 2 percent would take time, but stressed that they would succeed.
The statement follows ongoing discussions about the state of the economy and the Federal Reserve‘s role in managing Inflation. The Federal Reserve‘s restrictive monetary policy is designed to control Inflation and stabilize the economy. Powell‘s comments suggest that the policy is working as intended, despite the challenges posed by the current economic climate.
The Fed‘s commitment to reduce Inflation to 2% is a key part of its strategy to ensure economic stability. While it may take time to achieve this goal, Powell‘s confidence in the success of this strategy is a positive sign for the future of the economy. His comments reflect the Fed‘s continued commitment to managing Inflation and ensuring the stability of the U.S. economy.
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