<p>On Tuesday local time, Federal Reserve Chairman Jerome Powell stated at the central bank forum held by the European Central Bank: &#34;Inflation is performing as we expected and hoped. We anticipate that inflation data will rise in the summer.&#34;</p>
<p>Updating</p>

- Federal Reserve Chairman Jerome Powell stated that inflation is performing as expected, with anticipated increases in summer data and a cooling labor market.  
- The Fed unanimously decided to maintain interest rates in June, but there is internal disagreement on future rate paths, with some officials expecting rate cuts later this year.  
- Powell emphasized the need to observe summer data, acknowledging uncertainties regarding tariff impacts on inflation, while European Central Bank President Lagarde noted that their goals have been met but challenges remain.

Federal Reserve Chairman Jerome Powell: Inflation is performing as we expected and hoped