Fed Chairman Powell: We don't need to rush to cut interest rates

PANews March 29 news, Fed Chairman Powell just said in a speech entitled "Macroeconomics and Monetary Policy" that monetary policy is ready and able to flexibly respond to different economic data paths. Despite the strong economic performance, the Fed can choose to wait before considering a rate cut to boost confidence, which is one of Powell's key points. He made it clear that there is no need to rush to cut interest rates and will be cautious about such decisions. Powell stressed that the Fed is ready to respond to possible unexpected economic performance, but also warned that waiting too long could cause unnecessary damage to the economy and the labor market. In addition, he pointed out that he would not overreact because of the higher data in some months this year, while emphasizing that risks are two-way and premature rate cuts could cause significant disruptions. #BTC #ETH（二饼） #WIF #sui #SHIB