Federal Reserve Chairman Powell attended the Senate Committee on Banking, Housing, and Urban Affairs hearing. Powell reiterated that there is no need to rush to adjust interest rates. The Fed's framework assessment will not focus on the inflation target, which will remain at 2%. If the economy continues to be strong and inflation does not approach 2%, a cautious policy can be maintained for a longer period. If the labor market unexpectedly weakens or the decline in inflation exceeds expectations, policy can be moderately relaxed.