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Federal Reserve Chairman: It's not good to cut interest rates too early or too late, so be cautious about lowering interest rates

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2024-03-29 15:38:19
Federal Reserve Chairman Powell stated that the PCE inflation report meets our expectations; Premature interest rate cuts will bring great interference; But waiting too long may cause unnecessary damage to the economy and labor market; More "good" inflation data is needed, similar to last year; We have made progress in combating inflation; We don't need to rush to cut interest rates; Before lowering interest rates, we can wait and become more confident; The Federal Reserve can and will remain cautious about interest rate cuts.
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