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.

- I was confident about the downward trend in inflation before, but now I am hesitant
Paul, Federal Reserve Chair: Today's report does not describe producer inflation as higher than expected, rather more of a mixed nature.
- Our monetary stance may require more time than predicted to achieve results and lower inflation