According to Odaily Planet Daily, Federal Reserve Chairman Powell recently gave a speech in which he said that the US PPI data is actually quite mixed and it is uncertain whether inflation will continue. He further pointed out that restrictive policies may take longer than expected to work to reduce inflation, and the US will reduce the inflation rate back to 2%. Powell also emphasized that the policy interest rate is restrictive in many ways, and he does not think that the next move may be to raise interest rates, and it is more likely that the policy interest rate will be maintained at the current level.