U.S. Treasury Secretary Janet Yellen highlighted that the global economic performance has been significantly supported by a strong U.S. economy, which remains robust, particularly in the labor market. She acknowledged the global recovery's uneven nature and emphasized ongoing efforts to mitigate risks and support long-term growth. Concurrently, Federal Reserve officials, including Fed Vice Chair Jefferson and Chair Jerome Powell, provided updates on U.S. monetary policy. Jefferson noted that both headline and core Personal Consumption Expenditures (PCE) inflation rates stood at 2.7% and 2.8% respectively over the past year. Powell signaled a cautious stance on interest rate adjustments, suggesting that rates could remain high for an extended period due to stalled progress on inflation targets, thereby potentially delaying any planned rate cuts.