Federal Reserve Chairman Powell said that the PCE inflation report is in line with our expectations; cutting interest rates too early will cause great damage; but waiting too long may cause unnecessary damage to the economy and labor market; we need more “good” inflation data, similar to last year; we have made progress in fighting inflation; we don't need to rush to cut interest rates; we can wait and become more confident before cutting interest rates; the Fed can and will be cautious about cutting interest rates.
美联储主席鲍威尔：过早或过晚降息都不好，对降息持谨慎态度
Federal Reserve Chairman Powell: It's not good to cut interest rates too early or too late; I am cautious about cutting interest rates
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