Powell: Policy will gradually shift to a more neutral level
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Odaily Planet Dai Report: Federal Reserve Chairman Powell stated that interest rates are expected to continue to decline, but he hinted that interest rates may not decline as much in the next few months. Powell said the Federal Reserve may make further rate cuts, as economic trends and dynamics are expected to remain unchanged at least in the short term. This includes a slowdown in the job market and a cooling of inflation, while interest rates are still at a restrictive level, and maintaining interest rates at the current high level may push up the unemployment rate. Powell said, "Over time, we will shift policy towards a more neutral level."
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