Powell Q&A: Inflation is still well-above target but moving in the right direction

<ul><li>We've been surprised on the upside this year with growth</li><li>Inflation is still well-above target but moving in the right direction</li><li>People who dropped out of the labor market in the pandemic came back in 2023 and we had more immigration</li><li>We think the right thing to do right now is to move carefully</li><li>It will be awhile before we understand how AI impacts the economy and whether it adds to jobs or displaces them</li><li>As long as unemployment remains low with wages rising, some spending will continue</li></ul><p>Powell was asked about holiday party plans and said "For me a big, big party, as good as it gets, is a really good inflation report."</p>

This article was written by Adam Button at www.forexlive.com.