Analysis: Powell says inflation is back, Fed may even start raising rates again

Odaily Odaily News Oxford Economics estimates that by 2028, Trump's policies will cause inflation to be about 0.3 percentage points higher than otherwise. Harris' policies will cause inflation to be about 0.2 percentage points higher and house prices to be about 0.5 percentage points higher than otherwise. If the Fed finds new inflationary pressures, it is likely to reverse the interest rate cut policy that Fed Chairman Powell basically announced on August 23. Powell now hints that interest rates will be cut at a gradual pace in the coming years. But he also made it clear that if inflation returns, the Fed may stop cutting interest rates or even start raising them again. (Jinshi)