On April 1st, Williams of the Federal Reserve stated that the risk of inflation being higher than the Fed's prediction indeed exists. I predict that inflation will remain relatively stable this year, but there are upside risks. I will not predict the possibility of an economic recession, and the current economy is very robust under the support of a good labor market.

The Federal Reserve will not allow high inflation to "take root". The current economy does not have stagflation. It is expected that the economy will continue to grow, but at a slower pace than last year.

Long-term inflation expectations have been stabilized. The slowdown of the Federal Reserve's balance sheet reduction is a natural next step. (Jinshi)