Founders

Paul, Federal Reserve Chair: The US economy has performed very well.

- The labor market, consumer spending, and commercial investment are strong.
- Despite labor shortages in many industries, looking at US economic data so far, a positive overall picture emerges.

- The labor market is gradually returning to a more desirable balance and is now almost as compressed as before the pandemic.
- The downward trend in inflation in the first quarter is significant due to lack of substantial progress.

- Time will tell if our policies are restrictive enough or not.
- In my opinion, an interest rate hike in the next monetary meeting is unlikely, but keeping it at the current level seems like a more probable option.