On July 14, Federal Reserve Chair Walsh shared his views on the economy. Walsh stated that the economy is on solid footing and financial markets appear to be functioning well, but the housing market presents mixed conditions, partly due to inflation remaining above the Fed's target level. He said the Fed can alleviate this issue by maintaining price stability. Discussing areas like artificial intelligence, Walsh remarked, 'We are not afraid of growth driven by productivity gains.' He noted, 'The labor market has shown remarkable resilience.' Walsh indicated that the Fed will focus on both price stability and maximum employment, and that these two mandates do not conflict. The better the Fed does in controlling inflation, the more willing employers will be to hire. 'We still have work to do on inflation,' he said.