According to PANews news on July 27, Federal Reserve Chairman Powell said at a press conference that he is committed to achieving a dual mission and is committed to bringing inflation back to 2%. The full impact of the rate hike has yet to be felt, and economic activity is expanding at a moderate pace. Future rate hikes by the FOMC will be data dependent, the labor market remains very tight and job growth remains strong. Inflation has eased to some extent, and there is still a long way to go before inflation falls back to 2%. No decision has been made on any future meeting, and the Fed could raise rates in September if data warrants it.