Odaily Planet Daily News, Chairman Powell of the Federal Reserve said in a prepared speech that he is optimistic about the economic outlook for 2025: 'I expect the upward potential of the economy to be greater than the downward potential.' He added that the expectation of economic expansion may be the reason for the recent rebound in business optimism. One reason for his optimism about the economic outlook is that he believes that the momentum of consumer spending will continue to be strong in the coming months, which will contribute to a healthy economy. Powell said, 'Due to the high level of business optimism and the unlikely continuation of strong growth in labor supply, the current labor market balance is more likely to develop in the direction of recruitment rather than layoffs.' He also predicted that cost-conscious consumers in recent months will put pressure on businesses to limit price increases, which should continue to keep inflation low. However, he also pointed out that the inflation rate has not yet reached the Federal Reserve's target of 2%: 'We still have more work to do, but we believe it is not necessary to take restrictive measures as before to accomplish this task.' (Jinshi)
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Ketua Federal Reserve, Powell: Optimis terhadap prospek tahun 2025, tidak perlu lagi menerapkan langkah-langkah pembatasan sebelumnya
Odaily Planet Daily News, Chairman Powell of the Federal Reserve said in a prepared speech that he is optimistic about the economic outlook for 2025: 'I expect the upward potential of the economy to be greater than the downward potential.' He added that the expectation of economic expansion may be the reason for the recent rebound in business optimism. One reason for his optimism about the economic outlook is that he believes that the momentum of consumer spending will continue to be strong in the coming months, which will contribute to a healthy economy. Powell said, 'Due to the high level of business optimism and the unlikely continuation of strong growth in labor supply, the current labor market balance is more likely to develop in the direction of recruitment rather than layoffs.' He also predicted that cost-conscious consumers in recent months will put pressure on businesses to limit price increases, which should continue to keep inflation low. However, he also pointed out that the inflation rate has not yet reached the Federal Reserve's target of 2%: 'We still have more work to do, but we believe it is not necessary to take restrictive measures as before to accomplish this task.' (Jinshi)