According to CoinMeta, Federal Reserve Chairman Jerome Powell stated that inflation levels in the United States are still too high, and policymakers must take further action to curb price pressures. He noted, "Inflation levels are really too high; based on the latest data, they remain high. We need to take action over the coming period to ensure that inflation can decline in a timely and sustained manner to our target level of 2%." At the same time, he emphasized that the Federal Reserve must "ensure that when taking action, it does not cause unnecessary harm to our policy goal of achieving 'full employment'." Powell also pointed out that, overall, the U.S. economy does not seem to be experiencing imbalances at present.