Fed Chairman Powell: Election will not affect policy in the short term

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ODAILY
11-08
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Odaily Odaily reported that Fed Chairman Powell said in a speech that core inflation remains at a high level and inflation expectations remain stable. Today, the Fed lowered interest rates to further adjust its policy stance, which will shift to a neutral stance over time. The Fed will continue to make decisions on a meeting-by-meeting basis. If the economy remains strong and inflation fails to fall back to 2%, it can adjust policies more slowly. In the short term, the election will not have an impact on policy, and it is unclear how policy will affect the Fed's goals. (Jinshi)

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