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Powell: The Federal Reserve (FED) does not need to rush to adjust the Intrerest Rate.
[Powell: The Federal Reserve does not need to rush to adjust the Intrerest Rate] Federal Reserve Chairman Powell stated that the potential inflation situation is good, and the Federal Reserve does not need to rush to adjust the Intrerest Rate, as the cost of waiting is quite low. The Federal Reserve’s policy is moderately restrictive. In some cases, it is appropriate to cut rates this year, while in other cases, it is inappropriate to cut rates, and one cannot confidently say they know the appropriate rate path. He also mentioned that if there is a conflict between the dual objectives, one should consider the distance between the objectives and the time to bridge the gap. As the situation develops, if the timing is right, the Federal Reserve can take swift action.