Powell: The Tension Between Slowing Economic Growth and High Inflation

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell discussed the factors behind the Federal Reserve's 25 basis point rate cut at a press conference. He pointed out that economic growth has slowed in the first half of this year, while inflation has risen and remains high. Powell also mentioned that the downside risks to employment have increased and described the labor market as "lackluster and weak."