Since the beginning of this year, against the backdrop of widespread changes in economic policy, the U.S. economy has shown resilience. In terms of the Fed's dual mandate, the labor market remains close to full employment, and while inflation is still somewhat elevated, it has significantly retreated from its post-pandemic peak. Meanwhile, the balance of risks seems to be shifting. In my remarks today, I will first discuss the current economic situation and the recent outlook for monetary policy. Then, I will turn to the results of our second public assessment of the monetary policy framework,
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