Fed Chairman Powell: Inflation is expected to decline month-on-month

Odaily News Fed Chairman Powell said in a speech that the US economy is performing very well and has a very strong labor market. In the first quarter, US inflation did not make further progress. There is no expectation that the inflation path will be smooth. We must wait patiently for the policy to take effect. US GDP will continue to grow at a rate of 2% or higher. Confidence in the decline in inflation is lower than before, and the inflation rate is expected to decline month-on-month. (Jinshi)