Powell: If the Fed waits until inflation reaches 2% before cutting rates, it will wait too long

BlockBeats news, on July 16, Fed Chairman Powell said that the economy has performed well in the past few years. Economic growth is expected to slow this year and inflation will continue to make progress. The latest three inflation data have indeed boosted confidence.

No signal will be sent today on any specific meeting. Decisions will be made based on changing data and prospects. Now that inflation has fallen, the focus will be on the Fed's dual mission. If the Fed waits until inflation reaches 2% before cutting interest rates, it will wait too long. (Jinshi)