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.

- It may take longer for services inflation excluding housing to decrease more than other sectors, but I am confident we will get there.