Federal Reserve Chairman testified before Congress today, providing an update on the state of the U.S. economy and the central bank’s monetary policy strategy.

During the hearing, the Chairman addressed concerns about inflation, economic growth, and employment. The Chairman reiterated the Fed’s commitment to price stability and sustainable economic expansion.

Key topics discussed included:

• The current inflation rate and the Fed’s tools to manage it.
• The pace of economic recovery and potential risks to the outlook.
• The labor market situation and efforts to promote job creation.
• The Fed’s balance sheet and its plans for reducing asset holdings.

The testimony is expected to provide insights into the Fed’s thinking and its likely course of action in the coming months. Market participants are closely analyzing the Chairman’s words for clues about future interest rate decisions and other policy moves.

Economists and analysts will be scrutinizing the details of the testimony to assess the implications for the economy and financial markets.