Late at night! The Federal Reserve makes a bold statement: premature and excessive policy relaxation may harm inflation progress
楚一帆
发表于 2024-7-10 14:00:28
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On the evening of July 9th, Beijing time, Federal Reserve Chairman Powell delivered a semi annual monetary policy testimony in the US Senate, questioning issues related to monetary policy and bank regulation. Powell stated that recent inflation data shows some progress towards the 2% target. Until the Federal Reserve's confidence in inflation continuing towards 2% increases, interest rate cuts are not appropriate; Premature and excessive relaxation of policies may harm the progress of inflation.
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