The end of the fight against inflation is still being declared, the US economy is on a soft landing = FRB chairman

July 11, 2024 4:29 AM GMT+9 (some excerpts)

Chairman Powell of the US Federal Reserve (FRB) testified at the House Financial Services Committee on the 10th and expressed recognition that although preparations are not yet ready to declare that inflation has been overcome, the United States continues on the path to price stability and the continuation of a low unemployment rate.
At the public hearing, while “I have a certain level of confidence about that,” in response to the question of whether they felt that the obstacle to interest rate cuts had been removed, he stated “I'm not ready to say that yet.”
However, he said that recent data shows that the FRB is close to achieving its inflation target.