Fed Chairman: Doesn’t think the next step may be to raise interest rates, and is more likely to keep policy rates at current levels
PANews reported on May 14 that according to Jinshi, Federal Reserve Chairman Powell said in a speech that the PPI data is actually quite mixed. We are not sure whether inflation will persist. We are not sure whether inflation will persist. Restrictive policies may take longer than expected to work to reduce inflation. But we will get inflation back to 2%. In many ways, policy rates are restrictive. It is not believed that the next move may be to raise interest rates and is more likely to maintain policy rates at current levels.
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