Powell Says It's Not Time to End Bond Buying Program

In his statement, Powell provides an optimistic view of the economic recovery, noting strong growth but cautioning against reducing monetary support too soon. He acknowledges rising inflation, attributing it to reopening and supply chain issues, and expects it to moderate. Powell highlights labor market improvements but notes minorities have yet to benefit significantly. The Fed will continue discussions on tapering. Speculation surrounds Powell's reappointment as Fed chairman, but he remains focused on his current role.

What factors does Powell mention that are contributing to inflation pressures?

What does Powell predict about job gains in the coming months?