Fed's Powell: The Fed does not need to adjust the Interest Rate in a hurry, with most long-term inflation expectations remaining stable, close to the 2% target

2025-03-07 17:34:04

Odaily Planet Daily News: Federal Reserve Chairman Powell stated that the Fed does not need to rush to adjust the Interest Rate, as the labor market is strong and overall in a balanced state. The inflation level is slightly above the 2% target but is gradually approaching it. The uncertainty about the Trump administration’s policies and its economic impact remains high. Some recent inflation expectations surveys and market indicators have risen due to tariffs, while most long-term inflation expectations remain stable and consistent with the 2% target. (Jinshi)

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