PANews reported on February 11 that according to Jinshi, Fed Chairman Powell reiterated that there is no need to rush to adjust interest rates. Powell said that the Fed's framework assessment will not focus on the inflation target, and the inflation target will remain at 2%. If the economy continues to be strong and inflation does not move closer to 2%, the policy can be maintained for a longer period of time. If the labor market unexpectedly weakens or inflation falls more than expected, the policy can be moderately relaxed. The overall US economy is strong, and the inflation rate is close to the 2% target, but it is still slightly high.
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