According to TechFlow, on November 15, according to Jinshi Data, Federal Reserve Chairman Powell said at an event in Dallas on November 15 that the Fed does not need to "rush" to cut interest rates and will "carefully observe" inflation indicators. When asked whether he would become the first Federal Reserve chairman in more than 70 years to continue to serve as a board member after the end of his term as chairman, Powell only said that he would be committed to completing his term as chairman. His term as a member of the board of directors will expire in January 2028.
Quincy Krosby, chief global strategist at LPL Financial, pointed out that the latest CPI report shows that the downward trajectory of inflation is losing momentum. Powell reiterated that the Fed will not implement the market's expected interest rate cuts unless the labor market deteriorates. He emphasized that although the inflation rate is approaching the 2% target but has not yet reached it, the Fed will continue to pay close attention to core inflation indicators. Regarding the impact of Trump's possible return to the White House, Powell said that the Fed has plenty of time to evaluate relevant policy changes.