Powell: The Federal Reserve doesn't need to rush to adjust interest rates
2025-05-07 18:51:50
Federal Reserve Chairperson Powell said that the underlying inflation situation is good, the Federal Reserve does not need to rush to adjust interest rates, the cost of waiting is quite low, and the Federal Reserve's policy is moderately restrictive. In some cases it is appropriate to cut interest rates this year, in some cases it is not appropriate to cut interest rates, and cannot confidently say that the appropriate interest rate path is known. And said that if there is a contradiction between the dual goals, consider the distance from the target and the time to bridge the gap. As the situation develops, if the time is right, the Federal Reserve can act quickly.
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