Federal Reserve Chair Powell signals no rush to lower interest rates, citing strong economy and above-target inflation.

Federal Reserve Chair Jerome Powell stated that the U.S. central bank is not in a hurry to lower interest rates, as the economy remains strong with a solid job market and inflation still above the 2% target. Powell emphasized patience in adjusting monetary policy and mentioned a review of the Fed's policy strategies and communication tools, while reiterating the Fed's independence from politics. The central bank's key interest rate is expected to stay unchanged for at least a few months.

6 weeks ago
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