In a speech to the Senate Banking Committee on Tuesday morning, Federal Reserve Chairman Powell said that rising inflation is not the only risk we face. The economy has made significant progress in reducing inflation and the job market looks as strong as before the epidemic, but it is not overheating. ; Regarding interest rate cuts, we will make decisions on a meeting-by-meeting basis; now that inflation has resumed decline and the labor market is showing signs of cooling, the central bank is paying more attention to when to cut interest rates; recent inflation data show further slight progress, and more good data will Strengthening our confidence that inflation will continue to move towards 2%. (WSJ)