Federal Reserve Chairman Powell: The overall economy is strong and we are committed to maintaining strong economic development

Odaily News Fed Chairman Powell: The overall economy is strong and we are committed to maintaining strong economic development. Today, the Fed has reduced the extent of policy tightening. Our decision today reflects our growing confidence that the strong performance of the labor market can continue. The labor market has cooled down from its previous overheated state. Consumer spending has remained resilient. (Jinshi)