[The U.S. economic backdrop makes it likely that the Federal Reserve will keep interest rates unchanged until Powell's term ends] Jin10 News, February 24 – Comerica Bank Chief Economist Bill Adams stated in a report that the Federal Reserve FOMC committee believes the U.S. economic growth momentum appears solid, but the inflation rate remains too high. Against this backdrop, the Federal Reserve is expected to keep short-term interest rates unchanged until Powell's term ends in May. In 2026, economic growth will be supported by favorable factors such as lower interest rates, increased government spending, last year's rate cuts by the Federal Reserve, and improvements in the real estate market. The ongoing artificial intelligence boom and the tax refunds from the reciprocal tariffs abolished by the Supreme Court last week will also provide further support for economic growth. The biggest downside risk to economic growth comes from labor supply bottlenecks, which could trigger a rebound in inflation.