Federal Reserve Chairman Powell: We are clearly closer to the neutral interest rate

Bitget news, Federal Reserve Chairman Powell: Today's interest rate decision was a relatively difficult choice. Policies are prepared to deal with risks. The downside risk of the labor market has decreased but is still cooling down. I believe we do not need to further cool the labor market in order to achieve a 2% inflation target. (The statement adds about adjusting interest rates) The wording of "magnitude and timing" indicates that we are at or near the moment of slowing down rate cuts. We are clearly closer to neutral interest rates. The slowdown in rate cuts reflects this year's economic data going up. We believe that policy still has substantial restrictions. Next year’s slowdown in rate cuts reflects rising inflation expectations.