Walsh: The Fed's focus on both price stability and maximum employment, the two parts of its dual mandate, are not in conflict

Odaily Federal Reserve Chairman Walsh shared his outlook on the economy. Walsh stated that economic conditions are solid and financial markets appear to be functioning well, but the housing market is showing mixed signals, partly because inflation has been running above the Fed's target level. He said the Fed can help alleviate this issue by maintaining price stability.

When discussing areas such as artificial intelligence, Walsh remarked: "We are not afraid of growth driven by productivity gains." Walsh noted: "The labor market has shown remarkable resilience." He indicated that the Fed will focus on both price stability and maximum employment, and these two goals are not in conflict. The better the Fed is at controlling inflation, the more willing employers will be to hire. "We still have work to do on inflation," he said. (Jin Shi)