Federal Reserve Chair Powell has highlighted the simultaneous risks of declining employment and rising inflation facing the U.S. economy. He noted that differing opinions within the Fed are to be expected under these circumstances. Addressing quantitative easing (QE), Powell stated that he did not anticipate the need for QE when he assumed his role. He emphasized that future QE measures would depend on market conditions, while also suggesting that the Fed remains committed to supporting the stability of the U.S. Treasury market if necessary.