Powell: Downside risks have increased, but the economy remains in good shape

ChainCatcher message, Federal Reserve Chairman Powell stated: "The Federal Reserve is fully focused on achieving the dual mandate given to us by Congress, which is to maximize employment and stabilize prices. Despite high uncertainty and rising downside risks, the economy remains in good shape. Upcoming data will show that economic growth is robust, the labor market remains balanced, and the inflation rate is closer to but still above our 2% target."