According to Jinshi, Federal Reserve Chairman Powell said on Friday that we will carefully decide whether to raise interest rates again. Restrictive policies will be adopted until inflation slows down continuously. If necessary, the Fed is ready to raise interest rates further because the progress made in reducing inflation, while encouraging, is far from complete. There is still a long way to go to restore price stability.
Powell said he was pleased to see inflation fall, but he was not yet fully convinced that price pressures would continue to fall toward the Fed's 2% target, especially since inflation excluding food and energy prices remains more than twice the target. Powell also said he had no intention of changing the Fed's inflation target, which is 2% and will remain so.