Fed Chairman Powell: No comment on outlook or monetary policy; PCE in April may be around 2.2%

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ODAILY
05-15
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Planet Daily News: Federal Reserve Chairman Powell stated that he would not comment on prospects or monetary policy; April PCE may be around 2.2%, and he is considering revising the communication content of the Federal Reserve. Given the level of inflation reached, the idea of moderate overcorrection of inflation after economic weakness has become irrelevant. The zero lower bound remains a risk that should be addressed within the framework, but given the current policy rate level, the zero lower bound is no longer a basic scenario. (Jinshi)

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