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.

- We did not expect a smooth path to curb inflation; we must be patient and let the implemented policies take effect.
- We still hope for GDP growth at a rate of 2% or higher.
- It is expected that the labor market will continue its return to equilibrium trend, but remain strong.