Federal Reserve Chairman Powell: We can be more cautious when considering further interest rate adjustments

Bitget news, Federal Reserve Chairman Powell: The current labor market conditions are more relaxed than in 2019. The employment market is not a significant source of inflation pressure. Long-term inflation expectations seem stable. Risks to achieving the target are roughly balanced. Core PCE may rise by 2.8% in November. Now, the restrictive stance of policy has significantly weakened, and we can be more cautious when considering further interest rate adjustments. The Federal Reserve has not taken any preset path for interest rates.