Federal Reserve Chairman Powell said the US economy is facing a "stagflation-like" challenge, and US stock valuations are relatively high.

According to the Securities Times app, on Tuesday, Federal Reserve Chairman Powell stated that the U.S. economy is facing a "stagflation-like" challenge, with noticeable weaknesses in economic growth and the job market, while inflation remains high. This "double bind" situation is forcing policymakers to make difficult decisions.